What is the biggest disadvantage of a barter system compared to a system that uses money?
A) It is difficult to find goods to trade in a barter system that satisfy the needs of society.
B) A standardized unit of account cannot exist in a barter system.
C) All commodities are difficult to transport and therefore inefficient for exchange.
D) Each trade requires a double coincidence of wants.
E) Commodities are difficult to use as a store of value.
Correct Answer:
Verified
Q10: When metal coins,such as gold and silver,were
Q11: The major problem of a currency that
Q12: In order to be considered "money," paper
Q13: The use of money in an economy
Q14: Other things being equal,the purchasing power of
Q16: Which of the following is an example
Q17: Historically,when gold and silver coins were used
Q18: Doug is saving money in order to
Q19: Doug compares the unit price of chocolate
Q20: What is the major advantage of using
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