They used palm leaves, clay, animal skin and paprus.
Answer: the correct answer is (c) a fallacious argument masquerading as valid.
Explanation:
Fallacious Argument.- An argument that sometimes fools human reasoning, but is not logically valid. It is crucial to remember that reasoning from definitions and facts to conclusions is fundamentally different from reasoning about definitions.
Answer:
M1
Explanation:
In economics, the term M1 refers to very liquid money supply (money that is easy to get to) that includes the following:
- physical currency (coins and paper money)
- demand deposits,
- traveler's checks,
- other checkable deposits.
On the other, hand, M2 is less liquid money supply and it includes M1 plus:
- savings and time deposits,
- certificates of deposits,
- money market funds.
In general terms, the main difference between these two is how easy is to get access to them, M1 is more accessible (more liquid) than M2.
The question asks us about the <u>money supply that includes coins, paper money, traveler's checks, conventional checking accounts and checkable deposits. </u>We can see that all these refers to the most easily accessed money supply and thus <u>this is the definition of M1</u>
