5 Questions
According to credit theories of money, what is the essential nature of money?
Credit (debt)
What is a common idea within credit theories of money?
Money originated as a unit of account for debt
Who has been argued to be the first known advocate of a credit theory of money?
Plato
According to some proponents of credit theories of money, in what systems can money be best understood as debt?
Even in systems often understood as using commodity money
What does anthropologist David Graeber argue about the historical understanding of money?
Money has been widely understood to represent debt
Test your knowledge of credit theories of money with this quiz! Explore the relationship between credit and money, and learn about the perspectives of proponents like Alfred Mitchell-Innes. Delve into the essential nature of money as credit and its implications in different economic eras.
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