Briefly describe the development of money, from barter to the use of precious metals.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (11 reviews)
Barter or the exchange of goods for goods developed as specialization of production and ex...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Introduction to Finance Markets Investments and Financial Management
ISBN: 978-1118492673
15th edition
Authors: Melicher Ronald, Norton Edgar
Question Posted:
Students also viewed these Banking questions
-
Briefly describe the development of the international monetary system.
-
Describe the development of professional venture investing in the 1960s, 1970s, and early 1980s.
-
Describe the development of a role within a group. Tell how each role leads to the next.
-
The North American and European continents are moving apart at a rate of about 3 cm/y. At this rate how long will it take them to drift 500 km farther apart than they are at present?
-
Effective complaints do not reflect anger or include threats. List five key points to remember when making an effective complaint.
-
KEY TERMS Define each of the following terms: a. Production opportunities; time preferences for consumption; risk; inflation b. Real risk-free rate of interest, r*; nominal (quoted) risk-free rate of...
-
Ethical Dilemma: Northern Energy, Inc. (Northern) is a large oil company with production and marketing operations worldwide. You are a recently hired manager at Northerns subsidiary in Nigeria, which...
-
A recent study by Allstate Insurance Co. finds that 82% of teenagers have used cell phones while driving (The Wall Street Journal, May 5, 2010). In October 2010, Massachusetts enacted a law that...
-
T-shirts Unlimited is conducting a breakeven analysis on unbleached Fixed costs are \\( \\$ 100,000 \\), variable costs are \\( \\$ 20 \\) and the selling price is \\( \\$ 40 \\). To break even, the...
-
Outside a home there is a keypad that will open the garage if the correct four-digit code is entered. (a) How many codes are possible? (b) What is the probability of entering the correct code on the...
-
Define money and indicate the basic functions of money.
-
Describe how representative full-bodied money and fiat money differ.
-
The Electronic Controls Company (ECCO) is one of the largest makers of backup alarms in the world. Backup alarms are the safety devices that emit a high-pitched beeping sound when a truck, forklift,...
-
You are expected to suggest several functional tactics and how these short-term activities are used to achieve short term objectives and establish a competitive advantage. Within the general...
-
Carbon dioxide and nitrogen experience equimolar counterdiffusion in a circular tube whose length and diameter are 1m and 50mm, respectively. The system is at a total pressure of 1 atm and a...
-
A licensee recently was placed on court - ordered probation. Does the licensee have to report this to the Board?
-
1. Technology and Operations What task does the operations function in a manufacturing organisation and in a service organisation perform? How does operations strategy contribute to make to corporate...
-
Do the Following current market analysis - geographic , psychographic and behavioral of Klean Kanteen THIS IS THE DETAILS AND DRAFTS OF PAPER. (THIS IS THE BASIS) Open the link;...
-
Break into groups of four to six. Imagine you are a committee charged with examining the transfer of all HRIS to a cloud computing site. Write a 500-word management report justifying your...
-
Write a program to move a signed number from smaller register to bigger register. Hint: movzx ax, bl Topic: Data Related Operators and Directives in assembly language
-
One way of cleaning up environmentally polluted underground water is to pump it out of the ground, treat it with some equipment (by catalytic or photochemical oxidation, for example), and then pump...
-
How does a deterioration in balance sheets of financial institutions and the simultaneous failures of these institutions cause a decline in economic activity?
-
How does a general increase in uncertainty as a result of a failure of a major financial institution lead to an increase in adverse selection and moral hazard problems?
-
What are the two ways that spikes in interest rates lead to an increase in adverse selections and moral hazard problems?
-
3. The nominal interest rate compounded monthly when your $7,000 becomes $11,700 in eight years is ________
-
An investor can design a risky portfolio based on two stocks, A and B. Stock A has an expected return of 21% and a standard deviation of return of 39%. Stock B has an expected return of 14% and a...
-
Advanced Small Business Certifica Drag and Drop the highlighted items into the correct boxes depending on whether they increase or decrease Alex's stock basis. Note your answers- you'll need them for...
Study smarter with the SolutionInn App