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.
26,899,477 questions answered
*
Get answers from Weegy and a team of really smart lives experts.
Popular Conversations
What does astrologer mean?
5/11/2018 12:51:16 PM| 4 Answers
Speed sign is an example of a _________ sign A. regulatory B. ...
Weegy: A diamond shaped sign is a WARNING sign.
5/13/2018 5:01:49 PM| 3 Answers
Strike-slip fault
Weegy: In a strike-slip fault, the rocks on either side of the fault slip past each other sideways. TRUE.
5/17/2018 3:51:47 PM| 2 Answers
The hidden area of the Johari window addresses
Weegy: The Johari window helps people better understand their relationship with self and others. User: Which of the ...
5/10/2018 9:40:16 PM| 2 Answers
3. Simplify 12 – (–8) × 4 = ? A. 16 B. 80 ...
Weegy: 12 - (-8)*4 User: 5. Evaluate m + n2 if we know m = 2 and n = –2. A. –8 B. 8 C. 6 ...
5/11/2018 8:21:14 AM| 2 Answers
Solve the equation: 12y = 132.
Weegy: 12y=132 User: If 3 times a number minus 2 equals 13, what is the number? A. 5 B. 4 ...
5/11/2018 8:57:51 AM| 2 Answers
17. 7 × (–3) × (–2)2 = ? A. 84 B. –48 C. ...
Weegy: 7 * (-3) * (-2)^2 User: 19. Multiply (2m + 3)(m2 – 2m + 1). A. 2m3 – m2 – 8m + 3 B. 2m3 ...
5/11/2018 8:49:43 AM| 2 Answers
You can short-circuit the buildup of rage when driving by ...
Weegy: One way to reduce the buildup of rage while driving is to: adjust the air conditioner to keep yourself cool.
5/18/2018 6:55:28 PM| 2 Answers
Self-doubt is a result of
5/12/2018 1:31:33 PM| 2 Answers
when colonists boycotted british goods under the stamp act they
Weegy: Most Americans called for a boycott of British goods, and some organized attacks on the customhouses and homes ...
5/13/2018 12:01:56 PM| 2 Answers
S
R
L
R
P
R
Points 202 [Total 644] Ratings 0 Comments 22 Invitations 18 Offline
S
L
Points 182 [Total 193] Ratings 0 Comments 182 Invitations 0 Offline
S
L
Points 117 [Total 117] Ratings 0 Comments 17 Invitations 10 Offline
S
1
L
L
P
R
P
L
P
P
R
P
R
P
R
P
Points 76 [Total 13161] Ratings 0 Comments 66 Invitations 1 Offline
S
Points 30 [Total 30] Ratings 0 Comments 0 Invitations 3 Offline
S
Points 20 [Total 20] Ratings 2 Comments 0 Invitations 0 Offline
S
Points 14 [Total 14] Ratings 0 Comments 14 Invitations 0 Offline
S
Points 13 [Total 13] Ratings 0 Comments 3 Invitations 1 Offline
S
Points 13 [Total 13] Ratings 0 Comments 13 Invitations 0 Offline
S
Points 11 [Total 11] Ratings 1 Comments 1 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.