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Mathematics 18 Online
OpenStudy (anonymous):

Which of the following is a characteristic of a developed country? A. low life expectancy B. low literacy rates C. low industrial output D. low unemployment

OpenStudy (kendricklamar2014):

probably D

OpenStudy (anonymous):

thats what i was thinking but i wanted to be sure

OpenStudy (anonymous):

D

OpenStudy (kendricklamar2014):

yah

OpenStudy (anonymous):

what you think of this one? Because gold is difficult to carry around, what monetary system was invented by governments? A. Bartering system B. Fiat money C. Gold standard D. Representative money

OpenStudy (kendricklamar2014):

Bartering money is like ill give u my rooster for a pound of sugar

OpenStudy (anonymous):

maybe its D

OpenStudy (kendricklamar2014):

Fiat money is inconvertible paper money made legal tender by a government decree.

OpenStudy (kendricklamar2014):

Representative money is an item such as a token or piece of paper that has no intrinsic value.

OpenStudy (kendricklamar2014):

So its b. Fiat money

OpenStudy (anonymous):

ahh ok now i get you

OpenStudy (kendricklamar2014):

Good :)

OpenStudy (anonymous):

i mis read

OpenStudy (kendricklamar2014):

yeah, when u dont know what something means, google it :)

OpenStudy (anonymous):

haha true

OpenStudy (kendricklamar2014):

haha yup

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