The Bring it Home Feature discusses the use of cowrie shells as money. Although we no longer

Question:

The Bring it Home Feature discusses the use of cowrie shells as money. Although we no longer use cowrie shells as money, do you think other forms of commodity monies are possible? What role might technology play in our definition of money?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Principles Of Economics

ISBN: 9781506699868

2nd Edition

Authors: OpenStax

See More Books

Question Posted: Nov 01, 2023 03:09 AM

See More Questions

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
Googles ease of use and superior search results have propelled the search engine to its num- ber one status, ousting the early dominance of competitors such as WebCrawler and Infos- eek. Even later...
Add to Graph a method subgraph() that takes a SET as its argument and returns the induced subgraph (the graph comprising the specified vertices together with all edges from the original graph that...
Keane Bottling Corporation is considering the purchase of a new bottling machine. The machine would cost $200,000 and has an estimated useful life of 8 years with zero salvage value . Management...
Recall that Programming Exercise 5 in Chapter 8 asked you to design a program that asks the user to enter a charge account number. The program should determine whether the number is valid by...
Fill in the Blank. Materials with a large value of the loss factor are subject to ____________ stress.
The adjusted trial balance for Indy Furniture Company on November 30, the end of its first month of operation, is as follows: The general ledger reveals the following additional data: a. There were...
Whirly Corporation's contribution format income statement for the most recent month is shown below: Sales (8,100 units) Total $ 275,400 Per Unit Variable expenses 162,000 Contribution margin 113,400...
Imagine that you are a barber in a world without money. Explain why it would be tricky to obtain groceries, clothing, and a place to live.
What is the risk if a bank does not diversify its loans?
Keris Emery intends to buy a second-hand car for business use. The car is listed in the local newspaper as costing 2,999 but Keris has been able to negotiate a price of 2,500. However, there are some...
Which of the following diagrams of java.lang classes shows the inheritance model properly? A. B. C. Throwable RuntimeException D. Throwable Error Object Exception RuntimeException Throwable Exception...
Given the following keywords, in which order could they be used? (Choose two.) A. try, finally B. catch, try, finally C. try, catch, catch, finally D. finally, catch, try E. try, finally, catch F....
Which of the following statements about finally blocks are true? (Choose two.) A. Every line of the finally block is guaranteed to be executed. B. The finally block is executed only if the related...
What does the following output? A. [a, lamb, had, Mary, little] B. [a] C. [a, a] D. The code does not compile. E. The code throws an exception at runtime. 18: List list List.of( 19: "Mary", "had",...
Which exception classes, when inserted into the blank in the Problems class, allow the code to compile? A. Exception B. RuntimeException C. MissingFoodException D. MissingMoneyException,...
Genting Berhad is a Malaysian conglomerate with holdings in plantations and tourist resorts. The beta estimated for the firm, relative to the Malaysian stock exchange, is 1.15, and the longterm local...
Consider the following cash flows in Table P5.5. (a) Calculate the payback period for each project. (b) Determine whether it is meaningful to calculate a payback period for project D. (c) Assuming...
What happens when your CEO wants to remove the tip structure from your restaurant? Do you complain about the new prices as a customer? Do you worry about your paychecks as a server? Danny Meyer, CEO...
During this and your other courses, there will likely be products of your and team-based assignments that can illustrate specific competencies such as the ability to prepare a spreadsheet...
Why should management be considered an occupation rather than a profession?
1 (a) Express the denary value 109 as (i) a binary number using an 8-bit byte; (ii) an octal number; (iii) a hexadecimal number. [6] (b) Numbers are held in floating point form with one byte for the...
Your client has expressed a concern regarding the firm's vulnerability to cybersecurity attacks. You are required to investigate current DDoS & Ransomware attacks and provide the client with an...
5. Given the following index characteristics Term # of postings sky 189 blue 230 field 32 red 453 high 345 low 21 a) Propose an order to process the following query (justify your answer): (sky OR...

The Bring it Home Feature discusses the use of cowrie shells as money. Although we no longer

Question:

Step by Step Answer:

Commodity money like cowrie shells in the past is a type of currency that has intrinsic value While we no longer use cowrie shells as money in modern economies it is indeed possible for other forms of ...View the full answer

Principles Of Economics

Students also viewed these Business questions