10. According to ES, metallic coins like those introduced produced by the Lydians in the 7th century had a big relative to commodity monies such as oxen in that the coins (ES), pp. 26-27) A. advantage; were more easily exchanged, stored, and counted B. advantage; had greater intrinsic value C. disadvantage; had less practical use D. disadvantage; were more tempting to steal 11. Governments earned a profit called "seigniorage" on the metallic coins they issued whenever the value of the gold or silver in the coin was than the face value of the coin. This profit tempted governments to "debase" the coins, which meant __ the value of the gold or silver in the coin. (ES, p. 27) A. greater; decreasing B. greater, increasing C. Iess; decreasing D. less; increasing 12. is (are) moncy that has no intrinsie value and is not convertible into anything else. According to Kohn, it is accepted as payment mainly because but also because (Kohn, pp. 200-201) A. Government-issued fiat money; it has legal tender status; people believe that others will accept it as payment B. Government-issued fiat money; people believe that others will accept it as payment; it has legal tender status C. Bank dollars (transactions deposits); people believe that pthers will accept them as payment; they have legal tender status D. Bank dollars (transactions deposits); they have legal tender status; people believe that others will accept them as payment