Question

(02.05 mc)
how did the adoption of a money system contribute to the modern economy?
put money in the hands of merchants at no cost to allow for unbridled economic growth
replaced bartering to make trade more convenient for both buyers and sellers
resulted in decreased trade because of limited coins available for use
increased the value of silver as it was used for coins

question 18
5 pts
(02.06 mc)
how did the magna carta contribute to the development of the national identity of england?
it ensured that kings were subject to the rule of law.
it gave the king the ultimate authority to collect taxes.
it established, in writing, that the king was above the law.
it gave the king the power to judge those accused of a crime.

Explanation:

• First question: The adoption of a money system replaced bartering. Bartering was inefficient as it required a double - coincidence of wants (e.g., one person had to want exactly what another was offering in exchange). Money simplifies trade as it is a common medium of exchange. Merchants do not get money “at no cost”. A money system generally increases trade, not decreases it (as more transactions are facilitated). The value of silver (if used for coins) is not the main contribution to the modern economy compared to the ease of trade.
• Second question: The Magna Carta is a fundamental document in English history. It limited the power of the king. Before the Magna Carta, kings often had arbitrary power. By ensuring that kings were subject to the rule of law, it was a step towards a more just and regulated society, which is an important part of national identity. Giving the king ultimate authority to collect taxes or making the king above the law would be contrary to the principles of the Magna Carta. The power to judge criminals was not the key contribution to national identity compared to the rule - of - law principle.

Answer:

• First question: Replaced bartering to make trade more convenient for both buyers and sellers.
• Second question: It ensured that kings were subject to the rule of law.