Which of the following is not an important advantage of the use of money over barter?
A) It is not necessary to remember a large number of exchange ratios of goods for other goods.
B) Uncertainty in trading is reduced to a minimum.
C) Inflation is a problem in a barter economy but not in one that uses money.
D) The use of money reduces the amount of time people spend making transactions.
Correct Answer:
Verified
Q16: A highly liquid asset is one that
A)
Q17: The difference between M1 and M2 definitions
Q18: An asset that can be quickly turned
Q19: Which of the following is the most
Q20: Which of the following lists of assets
Q22: The value of money _ the price
Q23: The proportion of the money supply that
Q24: The Federal Reserve satisfies the public's demand
Q25: Which of the following is not a
Q26: Financial markets increase the volume of saving
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents