Money as a means of payments refers only to:
A) Actual currency
B) Coins and currency
C) Coins, currency and credit cards
D) Anything that is generally accepted as payment for goods and services
Correct Answer:
Verified
Q3: How many prices would a trader of
Q6: Suppose that in a barter economy Tom
Q7: The unit of account characteristic of money:
A)Makes
Q9: Without the use of money, workers in
Q10: In a barter system:
A)People have to specialize
Q12: Compare two economies: a barter economy versus
Q13: The high transaction costs associated with a
Q15: As an economy produces more different types
Q16: Which of the following is not an
Q16: Money eliminates the need for:
A)A search for
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