Historically, monetary systems have developed only in population centers with marketplaces. Through the fourth century B.C., Mesopotamian cities engaged in trade, but had never had marketplaces. By that period, however, Greek cities all had marketplaces, or agorae. The Greek citiesandrsquo; agorae were centrally located and goods were traded there either for money or for commodities.If all of the statements in the passage are true, then which one of the following must also be true?a)In the fourth century B.C., Greek cities were the only population centers with monetary systems.b)The development of monetary systems has historically led to the development of marketplaces.c)In the fourth century B.C., the Greeks and the Mesopotamians traded with each other.d)After the fourth century B.C., Mesopotamian cities had marketplaces and monetary systems.e)The Mesopotamian cities of the fourth century B.C. did not have monetary systems.Correct answer is option 'E'. Can you explain this answer?

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GMAT Exam > GMAT Questions > Historically, monetary systems have developed...

a)
In the fourth century B.C., Greek cities were the only population centers with monetary systems.
b)
The development of monetary systems has historically led to the development of marketplaces.
c)
In the fourth century B.C., the Greeks and the Mesopotamians traded with each other.
d)
After the fourth century B.C., Mesopotamian cities had marketplaces and monetary systems.
e)
The Mesopotamian cities of the fourth century B.C. did not have monetary systems.

Correct answer is option 'E'. Can you explain this answer?

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Historically, monetary systems have developed only in population cente...

(A) In the fourth century B.C., Greek cities were the only population centers with monetary systems. This statement cannot be concluded from the passage. The passage only discusses the presence of marketplaces and monetary systems in Greek cities, but it does not provide information about other population centers in the fourth century B.C.

(B) The development of monetary systems has historically led to the development of marketplaces. This statement cannot be concluded from the passage. The passage discusses the relationship between monetary systems and marketplaces but does not make a broader claim about the historical development of marketplaces in relation to monetary systems.

(C) In the fourth century B.C., the Greeks and the Mesopotamians traded with each other. This statement cannot be concluded from the passage. The passage mentions trade in Mesopotamian cities and the presence of marketplaces in Greek cities, but it does not provide information about trade specifically between Greeks and Mesopotamians in the fourth century B.C.

(D) After the fourth century B.C., Mesopotamian cities had marketplaces and monetary systems. This statement cannot be concluded from the passage. The passage does not provide information about developments in Mesopotamian cities after the fourth century B.C. It only discusses their engagement in trade and lack of marketplaces during that period.

(E) The Mesopotamian cities of the fourth century B.C. did not have monetary systems. This statement can be concluded from the passage. The passage clearly states that Mesopotamian cities engaged in trade but did not have marketplaces. Since the passage also establishes the connection between marketplaces and monetary systems, it can be inferred that the Mesopotamian cities of the fourth century B.C. did not have monetary systems.

Therefore, the correct answer is (E) The Mesopotamian cities of the fourth century B.C. did not have monetary systems.

Answered by Talent Skill Learning · View profile

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Historically, monetary systems have developed only in population cente...

Had a strong tradition of commerce and trade, and the agorae played a crucial role in facilitating economic transactions.

The agorae in Greek cities were open-air marketplaces where people would gather to buy and sell goods. They were typically located in the center of the city and served as important social and economic hubs. The agorae were not only places of commerce but also served as meeting places, where citizens would gather to discuss politics, engage in philosophical debates, and participate in various cultural activities.

In these marketplaces, a wide range of goods were traded, including food, clothing, pottery, and other crafts. Traders from different regions would come to the agorae to sell their products, creating a vibrant and diverse marketplace.

The agorae also played a significant role in the development of money and monetary systems. Prior to the introduction of coinage, trade in ancient Greece was conducted through barter, where goods were exchanged directly for other goods. However, with the growth of trade and the increasing complexity of economic transactions, the need for a standardized medium of exchange arose.

The introduction of coinage in the Greek cities revolutionized the economy and further facilitated trade. Coins made of precious metals, such as gold, silver, and bronze, were minted and used as a medium of exchange in the agorae. The use of coins simplified transactions, as their value was universally recognized and could be easily counted and exchanged.

The presence of marketplaces like the agorae in Greek cities also fostered economic growth by encouraging specialization and competition. As goods were bought and sold in the market, individuals and businesses could focus on producing specific goods or services, leading to increased efficiency and productivity.

Overall, the establishment of marketplaces, such as the agorae in Greek cities, played a crucial role in the development of monetary systems. These marketplaces provided a central location for economic transactions, encouraged trade, and facilitated the use of coins as a standardized medium of exchange.

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Historically, monetary systems have developed only in population centers with marketplaces. Through the fourth century B.C., Mesopotamian cities engaged in trade, but had never had marketplaces. By that period, however, Greek cities all had marketplaces, or agorae. The Greek cities’ agorae were centrally located and goods were traded there either for money or for commodities.If all of the statements in the passage are true, then which one of the following must also be true?a)In the fourth century B.C., Greek cities were the only population centers with monetary systems.b)The development of monetary systems has historically led to the development of marketplaces.c)In the fourth century B.C., the Greeks and the Mesopotamians traded with each other.d)After the fourth century B.C., Mesopotamian cities had marketplaces and monetary systems.e)The Mesopotamian cities of the fourth century B.C. did not have monetary systems.Correct answer is option 'E'. Can you explain this answer?

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Historically, monetary systems have developed only in population centers with marketplaces. Through the fourth century B.C., Mesopotamian cities engaged in trade, but had never had marketplaces. By that period, however, Greek cities all had marketplaces, or agorae. The Greek cities’ agorae were centrally located and goods were traded there either for money or for commodities.If all of the statements in the passage are true, then which one of the following must also be true?a)In the fourth century B.C., Greek cities were the only population centers with monetary systems.b)The development of monetary systems has historically led to the development of marketplaces.c)In the fourth century B.C., the Greeks and the Mesopotamians traded with each other.d)After the fourth century B.C., Mesopotamian cities had marketplaces and monetary systems.e)The Mesopotamian cities of the fourth century B.C. did not have monetary systems.Correct answer is option 'E'. Can you explain this answer? for GMAT 2025 is part of GMAT preparation. The Question and answers have been prepared according to the GMAT exam syllabus. Information about Historically, monetary systems have developed only in population centers with marketplaces. Through the fourth century B.C., Mesopotamian cities engaged in trade, but had never had marketplaces. By that period, however, Greek cities all had marketplaces, or agorae. The Greek cities’ agorae were centrally located and goods were traded there either for money or for commodities.If all of the statements in the passage are true, then which one of the following must also be true?a)In the fourth century B.C., Greek cities were the only population centers with monetary systems.b)The development of monetary systems has historically led to the development of marketplaces.c)In the fourth century B.C., the Greeks and the Mesopotamians traded with each other.d)After the fourth century B.C., Mesopotamian cities had marketplaces and monetary systems.e)The Mesopotamian cities of the fourth century B.C. did not have monetary systems.Correct answer is option 'E'. Can you explain this answer? covers all topics & solutions for GMAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Historically, monetary systems have developed only in population centers with marketplaces. Through the fourth century B.C., Mesopotamian cities engaged in trade, but had never had marketplaces. By that period, however, Greek cities all had marketplaces, or agorae. The Greek cities’ agorae were centrally located and goods were traded there either for money or for commodities.If all of the statements in the passage are true, then which one of the following must also be true?a)In the fourth century B.C., Greek cities were the only population centers with monetary systems.b)The development of monetary systems has historically led to the development of marketplaces.c)In the fourth century B.C., the Greeks and the Mesopotamians traded with each other.d)After the fourth century B.C., Mesopotamian cities had marketplaces and monetary systems.e)The Mesopotamian cities of the fourth century B.C. did not have monetary systems.Correct answer is option 'E'. Can you explain this answer?.

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The Greek cities’ agorae were centrally located and goods were traded there either for money or for commodities.If all of the statements in the passage are true, then which one of the following must also be true?a)In the fourth century B.C., Greek cities were the only population centers with monetary systems.b)The development of monetary systems has historically led to the development of marketplaces.c)In the fourth century B.C., the Greeks and the Mesopotamians traded with each other.d)After the fourth century B.C., Mesopotamian cities had marketplaces and monetary systems.e)The Mesopotamian cities of the fourth century B.C. did not have monetary systems.Correct answer is option 'E'. Can you explain this answer?, a detailed solution for Historically, monetary systems have developed only in population centers with marketplaces. Through the fourth century B.C., Mesopotamian cities engaged in trade, but had never had marketplaces. By that period, however, Greek cities all had marketplaces, or agorae. The Greek cities’ agorae were centrally located and goods were traded there either for money or for commodities.If all of the statements in the passage are true, then which one of the following must also be true?a)In the fourth century B.C., Greek cities were the only population centers with monetary systems.b)The development of monetary systems has historically led to the development of marketplaces.c)In the fourth century B.C., the Greeks and the Mesopotamians traded with each other.d)After the fourth century B.C., Mesopotamian cities had marketplaces and monetary systems.e)The Mesopotamian cities of the fourth century B.C. did not have monetary systems.Correct answer is option 'E'. Can you explain this answer? has been provided alongside types of Historically, monetary systems have developed only in population centers with marketplaces. Through the fourth century B.C., Mesopotamian cities engaged in trade, but had never had marketplaces. By that period, however, Greek cities all had marketplaces, or agorae. The Greek cities’ agorae were centrally located and goods were traded there either for money or for commodities.If all of the statements in the passage are true, then which one of the following must also be true?a)In the fourth century B.C., Greek cities were the only population centers with monetary systems.b)The development of monetary systems has historically led to the development of marketplaces.c)In the fourth century B.C., the Greeks and the Mesopotamians traded with each other.d)After the fourth century B.C., Mesopotamian cities had marketplaces and monetary systems.e)The Mesopotamian cities of the fourth century B.C. did not have monetary systems.Correct answer is option 'E'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Historically, monetary systems have developed only in population centers with marketplaces. Through the fourth century B.C., Mesopotamian cities engaged in trade, but had never had marketplaces. By that period, however, Greek cities all had marketplaces, or agorae. The Greek cities’ agorae were centrally located and goods were traded there either for money or for commodities.If all of the statements in the passage are true, then which one of the following must also be true?a)In the fourth century B.C., Greek cities were the only population centers with monetary systems.b)The development of monetary systems has historically led to the development of marketplaces.c)In the fourth century B.C., the Greeks and the Mesopotamians traded with each other.d)After the fourth century B.C., Mesopotamian cities had marketplaces and monetary systems.e)The Mesopotamian cities of the fourth century B.C. did not have monetary systems.Correct answer is option 'E'. Can you explain this answer? tests, examples and also practice GMAT tests.

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