Notice: Payments for answers will end 4/10/2017. Click for more info.
You have new items in your feed. Click to view.
Question and answer
Q: In the 1800s, people in mining towns in the West often paid for goods with gold nuggets or gold dust. What was the function of gold? a. It was used as part of a barter system. b. It was used as a
currency. c. It was used as representative money. d. It was used as fiat money.
A: It was used as a currency.
Get an answer
Original conversation
User: Which of the following statements is true? a. Money is a medium of exchange. c. Money serves as a store of value. b. Money is a unit of account. d. all of the above

User: In the 1800s, people in mining towns in the West often paid for goods with gold nuggets or gold dust. What was the function of gold? a. It was used as part of a barter system. b. It was used as a currency. c. It was used as representative money. d. It was used as fiat money.

Weegy: It was used as a currency.
latefisher|Points 3420|

User: Which of the following is an example of representative money? a. a fur coat c. gold earrings b. diamonds d. an IOU note

Weegy: D. IOU note is an example of representative money.
harrytotteer|Points 70|

User: Why is representative money more useful than commodity money? a. Representative money can be used for other things besides currency. For example, gems can be made into jewelry, and cotton can be made into clothing. b. Representative money has value because the government has decreed that it is an acceptable means to pay debts. Commodity money had value only to people who believed it had value. c. Representative money exists in unlimited supply, allowing many more people to make use of it. d. Representative money is portable, durable, divisible, and acceptable. It can also be exchanged for something else of value

Weegy: D. Representative money is portable, durable, divisible, and acceptable.
scijoe21|Points 2275|

User: Which of the following correctly defines money as a unit of account? a. It determines whether a good has value. b. It is determined to be legal by the person in possession of it. c. It provides a means for comparing the values of goods and services. d. It does not retain its value when saved instead of spent

Question
Asked 6/24/2013 7:25:10 AM
0 Answers/Comments
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
0 questions answered
Popular Conversations
To derive energy from food, you must eat foods that contain ...
Weegy: To derive energy from food, you must eat foods that contain carbohydrates, proteins, and fats. User: Which of ...
6/16/2017 2:08:12 PM| 1 Answers
The evolution of agricultural practices ultimately led to the ...
Weegy: The evolution of agricultural practices ultimately led to the development of towns and cities.
6/23/2017 10:56:18 AM| 1 Answers
Earth’s lithosphere is composed of a. the crust only. b. the mantle ...
Weegy: The LITHOSPHERE is the part of the Earth composed of the crust and upper mantle.
6/25/2017 1:50:09 AM| 0 Answers
Radioactive isotopes are used to a. determine the absolute age of ...
Weegy: Radioactive isotopes are used to determine the absolute age of rocks.
6/25/2017 1:43:13 AM| 0 Answers
Magma that hardens vertically underneath the surface will form a ...
Weegy: Magma that hardens vertically underneath the surface will form a sill. FALSE.
6/25/2017 1:22:58 AM| 0 Answers
The ADA states that a service animal can be any animal that the ...
Weegy: The ADA states that a service animal can be any animal that the passenger deems a service animal and must be ...
6/25/2017 12:55:37 AM| 0 Answers
Waves that cause the most damage during an earthquake are waves.
Weegy: Waves that cause the most damage during an earthquake are surface waves.
6/25/2017 12:53:18 AM| 0 Answers
Which of the following would be considered a negative side effect of ...
Weegy: Threats of dangerous flooding would be considered a negative side effect of settling near a river bed.
6/23/2017 11:35:22 AM| 0 Answers
Most scientists and anthropologists agree that early humans first ...
Weegy: Most scientists and anthropologists agree that early humans first emerged in AFRICA.
6/23/2017 10:53:42 AM| 0 Answers
A paragraph that has its topic sentence first is _____. a rectangle ...
Weegy: A paragraph that has its topic sentence first is an inverted triangle.
6/23/2017 10:25:31 AM| 0 Answers
Desert plants are often widely spaced due to competition for ...
Weegy: Desert plants are often widely spaced due to competition for rainwater. TRUE.
6/23/2017 10:16:15 AM| 0 Answers
Weegy Stuff
S
L
Points 30 [Total 1371] Ratings 0 Comments 0 Invitations 3 Offline
S
Points 17 [Total 17] Ratings 0 Comments 7 Invitations 1 Offline
S
Points 10 [Total 10] Ratings 0 Comments 0 Invitations 1 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
S
R
Points 3 [Total 19] Ratings 0 Comments 3 Invitations 0 Offline
S
Points 3 [Total 3] Ratings 0 Comments 3 Invitations 0 Offline
S
Points 2 [Total 2] Ratings 0 Comments 2 Invitations 0 Offline
S
Points 2 [Total 72] Ratings 0 Comments 2 Invitations 0 Offline
S
Points 1 [Total 1] Ratings 0 Comments 1 Invitations 0 Offline
S
Points 1 [Total 1] Ratings 0 Comments 1 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.