The Credit Theories of Money Quiz
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Questions and Answers

According to credit theories of money, what is the essential nature of money?

  • Barter
  • Gold
  • Credit (debt) (correct)
  • Unit of account

    • What is a common idea within credit theories of money?

  • Money originated as a commodity for trade
  • Money originated as a store of value
  • Money originated as a unit of account for debt (correct)
  • Money originated as a medium of exchange

    • Who has been argued to be the first known advocate of a credit theory of money?

  • Aristotle
  • Homer
  • Socrates
  • Plato (correct)

    • According to some proponents of credit theories of money, in what systems can money be best understood as debt?

    <p>Even in systems often understood as using commodity money</p> Signup and view all the answers

    What does anthropologist David Graeber argue about the historical understanding of money?

    <p>Money has been widely understood to represent debt</p> Signup and view all the answers

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