Societies generally abandon older forms of money when they:Multiple choice question.develop new and better monies.reach a certain level of GDP.need to engage in trade.experience rapid population growth.
Question
Societies generally abandon older forms of money when they:Multiple choice question.develop new and better monies.reach a certain level of GDP.need to engage in trade.experience rapid population growth.
Solution
The correct answer is "develop new and better monies." Societies typically abandon older forms of money when they develop new and more efficient forms of currency. This can be due to technological advancements, changes in economic structures, or shifts in societal values and norms. For example, many societies have moved from using physical cash to digital or electronic forms of money, such as credit cards and online banking. This transition often occurs because digital money is more convenient and secure than physical cash. It's not necessarily related to a society's GDP, trade needs, or population growth.
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