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Questions and Answers
According to credit theories of money, what is the essential nature of money?
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?
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?
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?
According to some proponents of credit theories of money, in what systems can money be best understood as debt?
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What does anthropologist David Graeber argue about the historical understanding of money?
What does anthropologist David Graeber argue about the historical understanding of money?
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