1.the biggest problem when using metals or cowry shells for trading
a. no one can agree on an...
Business, 15.10.2019 19:30 CameronVand21
1.the biggest problem when using metals or cowry shells for trading
a. no one can agree on an exchange rate
b. large amounts become very heavy to carry around
c. they break over time
d. people can not trust their value
2.the gold standard
a. paper currency based
b. no longer used by many countries
c. used by all countries today
d. based on measurements in pounds
3.hen using metal as the exchange basis two coins must have the same value
a. they are the same weight but different metals
b. they are different weights but the same metals
c. they are different weights but different metals
d. they are the same weight and the same metal
4. if gold is currently trading at $800.00/oz. and you inherited a gold coin worth $1600.00, how much does the coin weight?
a.2 oz
b.4oz.
c.24 oz.
d12oz.
Answers: 3
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