Question: In explaining the evolution of money, ________. Question 4Select one: A. paper money is always backed by gold and therefore more desirable than cheques B.

In explaining the evolution of money, ________. Question 4Select one: A. paper money is always backed by gold and therefore more desirable than cheques B. new forms of money evolve to lower transaction costs C. government regulation is the most important factor D. commodity money, because it is valued more highly, tends to drive out paper money

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