Which of the following is true about money in the colonies? O Whether with friends or strangers, people found bartering to be convenient O Thomas Jefferson thought the use of money was oppressive O Money tended to change in such a way as to ease and thereby promote commerce O There was no such thing as commodity money or fiat money

ECON MACRO
5th Edition
ISBN:9781337000529
Author:William A. McEachern
Publisher:William A. McEachern
Chapter13: Money And The Financial System
Section: Chapter Questions
Problem 1.5P
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Which of the following is true about money in the colonies?
O Whether with friends or strangers, people found bartering to be convenient
O Thomas Jefferson thought the use of money was oppressive
O Money tended to change in such a way as to ease and thereby promote
commerce
O There was no such thing as commodity money or fiat money
Transcribed Image Text:Which of the following is true about money in the colonies? O Whether with friends or strangers, people found bartering to be convenient O Thomas Jefferson thought the use of money was oppressive O Money tended to change in such a way as to ease and thereby promote commerce O There was no such thing as commodity money or fiat money
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