2)Which of the following statements about reputational balances is wrong? Or are all statements correct? Please select only 1 of the 5 options.

A)In order for the first allocation to be achieved in a gift exchange economy, an open-ended game and a sufficiently good "memory" are required in order to be able to set sanction mechanisms for past deviations.

B)In a gift exchange economy as well as in an internal money economy, the first allocation can only be achieved as a reputation balance.

C) The fundamental difference between a gift exchange economy and an internal money economy is the number of players who can credibly commit to keeping promises. The gift exchange economy depends on the entire population being able to make credible promises. In the internal money economy it is only a subpopulation.

D)The fundamental difference between a gift exchange economy and an internal money economy is the number of players who can credibly commit to keeping promises. The internal money economy depends on the entire population being able to make credible promises. In the gift exchange economy it is only a subpopulation.

E)All of the previous statements apply.