why is the use of paper money a marker of a more advanced economy?

Answers

Answer 1

Answer:

Read explanation

Explanation:

The use of paper money usually meant that some emperor or form of ruling power approved of the use of the paper money, money or paper-based money at its core is anything with value that can be traded for a certain amount of anything, this definition holds true even today. Advancements include people being able to carry “cash” much more easily. It facilitates trade between private entities if each bill has a standard monetary value. People can just trade and negotiate among themselves without the need of authority figures needing to decide who was right or wrong in a scam or what a currency item is worth. For example if you are selling a fish and someone tells you he will pay you two rocks for it, then you use those rocks to buy herbs. When you buy the herbs, the trader says that he will give you two basil leaves, which is arguably much less that the cost of your fish, that is why it’s important to have a standard of money it being paper was just convenience of being carried more easily.

Answer 2

The use of paper money is regarded as the marker of a more advanced economy, as it indicates that the people of the society have a better access to owned money.

What is the significance of paper money?

Paper money can be referred to or considered as the money that is used for the purpose of using as a monetary medium of exchange. It is circulated in the economy only by the related authorities, and the same authority also regulates the usage of such money.

Paper money is commonly referred to as the currency notes. It is available in multiple denominations. Moreover, its extended usage is an indication of better economic situations of the society that it is used in.

Therefore, the significance regarding the use of paper money has been aforementioned.

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Related Questions

Can you pls write me a paragraph using the words from the pic? Guiding Questions:
1. What were the two main grievances that colonists had against the
British?
2.Why did Britain need to raise taxes on the colonists?
3.What were some of the taxes Britain imposed on the colonists?
4.Why did colonists believe the new taxes were unfair?
5.What were some of the actions by the British that colonists felt violated
their natural rights?
6.Why did colonists believe that Britain was violating their natural rights?
Paragraph:

Answers

The colonists's five main complaints were about the following: taxes, British troops, tea, the Intolerable Acts, and King George. The most important reason why the relationship soured was the introduction of numerous taxes by the British. These taxes were levied by the Sugar Act, the Stamp Act, and the Townshend Acts.   <3  happy to help

Answer:

After the Seven Years’ War, the British attempted to increase control on the colonies, resulting in the colonists rebelling against the change in policy. This eventually led to the Revolutionary War.

Explanation:

Term Definition

Salutary neglect The unofficial policy of the British crown where they avoided strict enforcement of parliamentary law in the colonies.

Virtual representation A theory that members of Parliament were obligated to defend the interests of British subjects and colonists alike and that colonists did not need colonial representatives.

Stamp Act (1765) Passed by British Parliament, it was a direct tax on all printed material in the North American colonies.

Stamp Act Congress Delegates from the colonies who drew up formal petitions to the British Parliament and King George III to repeal the Stamp Act.

Declaration of Colonial Rights and Grievances (1765) Written by the Stamp Act Congress, it declared that taxes imposed on British colonists without their formal consent were unconstitutional.

Declaratory Act (1766) A law that stated that the British Parliament’s taxing authority was the same in America as in Great Britain.

Townshend Acts (1767) A series of laws that placed new taxes on glass, lead, paints, paper, and tea.

Boston Massacre (1770) British soldiers stationed in Boston opened fire on a crowd, killing five townspeople and infuriating locals.

Boston Tea Party (1773) A direct response to British taxation policies and the Tea Act by the North American colonies.

Loyalists A colonist of the American revolutionary period who supported the British cause.

Sons of Liberty A secret society formed by radical colonists to protest British taxation policies.

Daughters of Liberty A Patriot association that formed in response to increased taxes by organizing and participating in boycotts of British goods.

Intolerable Acts (1774) Also called the Coercive Acts, consisted of four separate legislative measure: the Boston Port Bill, the Government Bill, the Administration of Justice Act, and the Quartering Act.

First Continental Congress A representative government made up of elected officials from 12 of the 13 colonies created to create a unified front against the British government.

The Enlightenment A cultural and intellectual movement in the 1700s that emphasized science and rationalism.

John Locke English philosopher who influenced the Enlightenment with his writings on sovereignty and governance. His ideas influenced the separation of the colonies from Britain.

why did the french commander at natchitoches attack a spanish mission HELLLPPP!!!!

Answers

Answer:

The Natchitoches regiment failed to arrive at the Crescent City before January 8, 1815, when Andrew Jackson defeated the British. After the war Bradburn joined Henry Perry, a veteran of the Gutiérrez-Magee endeavor, who was planning a second attack on Spanish Texas. Stationed in the Nacogdoches area, Bradburn funneled men and equipment.

Explanation:

Answer:

Denis establishes a French trading post on the Red River at what is today Nachitoches, Louisiana, so named for his Indian allies who were native to the area. St. Denis became a pivotal figure in the history of the area and of Los Adaes

Explanation:

Denis establishes a French trading post on the Red River at what is today Nachitoches, Louisiana, so named for his Indian allies who were native to the area. St. Denis became a pivotal figure in the history of the area and of Los Adaes

What problem did England have at the end of this war?

Answers

Answer:

Before the war, Britain maintained colonies all over the world, which provided valuable raw materials, ... less politically viable, while Japan's wartime victories had destroyed Britain's imperial prestige. ... Decolonisation was a complex process.

People also ask

Explanation:

Plss helpp plsss helpppp plssss

Answers

Answer:

I belive that the answer is the bottom left one

Answer:

I believe it is "The Philippines gained their independence". I googled info on the war and it looks like that is the correct answer. I hope this helps!

Explanation:

Can some one help me plz ASAP?




Look at the map on page seven and use
the information above and decide who got
the better end of the deal the North or the
South? How do you think this could cause
problems in the future?
Why do you feel like these compromises
brought us closer to war?

Answers

Hold up AM WATCHIBB TIK TOK

Spain's first settlements in Georgia were

Answers

Answer:

oglethorpe directed the affairs of the colony, primarily its military operations.

Discuss the many ways that Nazis used fear to control the masses.

Answers

Answer:

The Nazis used common issues to put Hitler into power, using ideals such as racism. Once Hitler was in power, the Nazis began to show their true colors, with brutality and such. The citizens were to frightened by these brutal methods that they simply followed whatever directions they were given

Explanation:

I was a publisher whose abolitionist views were radical even in the North. I
believed in civil disobedience and many abolitionists disagreed with my views
about equality for women. Who am I?
A. William Lloyd Garrison
B. Frederick Douglass
O c. Harriet Beecher Stowe
O D. David Walker

Answers

Answer:William Lloyd garrison

Explanation:

Answer:

The answer you are looking for is A. William Lloyd Garrison

Explanation:

apex

Which of the following events resulted in the Battle of Honey Springs?
A. The Confederates attempted to capture a Union supply train.
B. The Confederates attempted to reclaim Fort Gibson.
C. The Unionists attempted to divide the American Indian regiment.
D. The Unionists attempted to round up American Indian refugees.

PLZZ HURRY

Answers

Answer:

B.

The Confederates attempted to reclaim Fort Gibson.

Answer:

B. The Confederates attempted to reclaim Fort Gibson.

Explanation:

I just took the quiz and got it right

Feel free to answer any of the blank ones thanks you I made this 80 pts btw

Answers

The Columbian exchange was named after Christopher Columbus. This was the widespread transfer of plants, animals, culture, human populations, technology, diseases, and ideas between the Americas, West Africa, and the Old World.

Answer:

i  could help you on this if you want me to

Explanation:

Which of the following is true about the Quran?

A. Is said to be the direct word of Allah spoken to Muhammad

B. It was written by Muhammad and his disciples before he died

C. It was written by Jesus and his disciples before he died

D. It was later altered and edited by Sunni and Shia Muslims

Answers

Answer:

the answer is

Explanation:

a) Is said to be the direct word of Allah spoken to Muhammad

A. Because allah is spoken to muhammad

HURRY !Describe how the political climate in the colonies contributed to the Boston Massacre and the role that Crispus Attucks played in the event itself.

Answers

Answer:

The British victory in the French & Indian war led to the presence of more troops in America and this infuriated the colonists. They got more angry when they started being forced to pay for Britain's war expenses. Because of all this anger, they formed protests such as the Boston tea party and mobs in the streets that led to the Boston massacre. As for Crispus Attucks, he is widely regarded as the first person killed by the British in the Boston Massacre.

Explanation:

hope this helps :)


please answer this question!

Answers

Answer:

pretty sure its D, because they did rely on trade a lot

Explanation:

I think it’s D, I’m not sure

Bilang isang mag-aaral sa Ika-siyam na baitang na nag-aaral upang higit na maunawan ang konsepto ng ekonomiks, alin sa mga sumusunod na pahayag ang dapat na taglayin ng isang kabataang tulad mo na may pagpapahalaga sa asignaturang ito? A. Iwasang makibahagi sa mga usaping panlipunan tulad ng pandemya na kinakaharap natin ngayon. B. Pagsunod at pakikilahok sa mga batas at programa ng pamahalaan para sa ikabubuti ng lahat. C. Pagsasarili sa sariling opinyon at pananaw sa mga nangyayari sa ating paligid. D. Pagsasakilos ng sariling pasya kahit hindi alam ang magiging resulta nito.

Answers

Answer:

B. Pagsunod at pakikilahok sa mga batas at programa ng gobyerno para sa pakinabang ng lahat.

Paliwanag:

Ang pakikilahok sa iba`t ibang mga programa na ipinakilala ng pamahalaan para sa pakinabang ng lahat sapagkat dahil sa pakikilahok sa mga ganitong uri ng programa ay nagbibigay ng mga benepisyo at pakinabang sa lahat ng tao sa lipunan. Ang paglahok sa mga ganitong uri ng programa ay nagpapahusay sa kaalaman ng isang indibidwal at ang indibidwal na gumaganap ng mas mahusay at maaaring makilahok sa kaunlaran at kaunlaran ng isang bansa.

PLEASE PLEASE HELP!!!!!!
WILL GIVE BRAINLIEST, THANK YOU, AND 5-STAR RATING.
What was dance's impact in the United States?
Please help!

Answers

Answer:

Similar to tribal cultures around the world, Native Americans valued dance as an expressive and bonding experience, creating well-developed systems of communication. These forms have survived and continue to preserve an important part of the history of what is now the United States.

Explanation:

I hope this helps.

Dance's impact in the United States of America.

There is great variety in dance in the United States of America. It is the home of the hip hop dance, swing, tap dance and its derivative Rock and Roll, and modern square dance (associated with the United States of America due to its historic development in that country—twenty three U.S. states have designated it as their official state dance or official folk dance) and one of the major centers for modern dance[citation needed]. There is a variety of social dance and concert or performance dance forms with also a range of traditions of Native American dances.

The reality shows and competitions So You Think You Can Dance, America's Best Dance Crew, and Dancing with the Stars, have broadened the audience for dance.

barack obama what did he do after being president?

Answers

Answer:

Went on vacation

Explanation:

What does it mean to "quarter" soldiers?
O to house them in private civilians' homes
O to banish them from service
O to force them to serve against their will
O to free them from prison

Answers

Answer:

I believe the answer is: O to house them in private civilians' homes.

Explanation:

The third amendment of the United States Constitution tells us that "No soldier shal in time of peace be quartered in any house without the consent of an owner..." Basically, in times of peace, a soldier cannot demand to live in your home.

Let me know in the comments if my answer helped!

Quarter means to house them in private civilians' homes.

Who is quarter?

It is against the Third Amendment (Amendment III) of the US Constitution to house soldiers in private residences during times of peace.

The amendment was made in response to the Quartering Acts, which permitted the British Army to house soldiers in public buildings and were passed by the British Parliament in the lead-up to the American Revolutionary War.

In response to Anti-Federalist criticisms of the new Constitution, James Madison proposed the Third Amendment to Congress in 1789 as a part of the United States Bill of Rights.

On September 28, 1789, Congress sent the amendment to the states, and by December 15, 1791, the required three-quarters of the states had ratified it.

Therefore, Quarter means to house them in private civilians' homes.

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Plz help and thank you history

Answers

Answer:

A, Americans had a reason to move west

Explanation:

god say Americans take all over the west territory, so Americans go take it over.

What war did France lose in 1761? What effect did this have on France?​

Answers

Answer:

The Seven Years' War ended with the signing of the treaties of Hubertusburg and Paris in February 1763. In the Treaty of Paris, France lost all claims to Canada and gave Louisiana to Spain, while Britain received Spanish Florida, Upper Canada, and various French holdings overseas.

Explanation:

Write minutemen in a sentence
Plz hurry

Answers

What is minute men ?
Minute men where the civilian colonists who organized to form a militia, they were self trained in military strategies.

The colony of Maryland was established in 1634 to create what

Answers

Answer:

The colony of Maryland was established in 1634 to create institutions that were independent from England. a place where English Catholics could be safe.

Explanation:

History books.

Answer: Maryland was founded in 1632 as a safe haven for English Catholics fleeing anti-Catholic persecution in Europe.

Which continent has the most wonders of the ancient world?

Answers

Africa has the most wonders

Which of the following factors contributed to the nomadic lifestyle of the Plains tribes?

Answers

Answer:

Availability of food, water and suitable temperature.

Explanation:

Availability of food, water and suitable temperature are the factors contributed to the nomadic lifestyle of the Plains tribes because there is plenty of water and food present for themselves and their animals. The temperature of plain area is very suitable for them so these nomadic people moves when the vegetation is removed from that area so they move other plains region where vegetation is higher.

When and by whom was the tomb found

Answers

Answer:

oerfrefrfgdrigdiginmdrgdrgdrgd

Explanation:

Both union and confederate forces ____.

A. honored Stand Waite for his contributions to the war
B. recruited African Americans to their armies
C. looted tribal livestock and damaged property
D. Signed peace treaties with the Five Tribes to end the war in the Indians Territory

Answers

Answer:

Letter C

Explanation:

Answer:

C

Explanation:

explain why europeans thought they had the right to the land in the colonies
ASAP PLEASE

Answers

Because the people in the colonies originally came from Europe so the leaders of the countries that wanted the right to the colonies believed since that is their people it’s their colony

ANSWER ASAP!
In which year did the US Congress pass an organic act to organize Oklahoma Territory?
A. 1887
B. 1889
C. 1906
D. 1890

Answers

Answer:

D. 1890

Explanation:

Answer:

D

Explanation:

i got it right on my practice

HELP ME PLEASE ASAP!!

Who were the leaders of industry in late nineteenth-century America and what industries did they control? What types of business practices were they accused of?

Answers

Answer:John D Rockefeller,

J P Morgan

Explanation: Controlling US oils, steel, banking, electric, etc

What is the difference between the legislative, executive, judicial branches?

Answers

The executive branch and ministers loss,The legislation branch writes the laws, and the judicial branch intercepts the laws

How can a Greek man and an African Man have the same Y chromosome?

Answers

They came form the same village
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