What is the difference between the State and the Austrian theory of money?
a. The State theory argues that money has its root in the tax capacity of the State and the Austrian theory argues that money is related to the emergence of debt contracts
b. The State theory argues that money has its root in the supervision of debt contracts and the Austrian theory argues that money emerged spontaneously in exchange
c. The State theory argues that money has its root in State expenditures and the Austrian theory argues that money emerged as a by-product of debt contracts
d. The State theory argues that money has its root in the tax capacity of the State and Austrian theory argues that money emerged spontaneously in exchange

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ANSWER a The State theory argues that money has its root in the tax capacity of the State and the Au... View the full answer