The most direct way in which money replaces barter is through its use as a
A) unit of account.
B) medium of exchange.
C) store of value.
D) recording device.
Correct Answer:
Verified
Q4: The direct exchange of goods and services
Q5: When money is accepted as payment in
Q6: The ʺdouble coincidence of wantsʺ problem is
A)
Q7: A medium of exchange is
A) a measure
Q8: Which of the following does NOT describe
Q10: The functions of money are
A) medium of
Q11: Barter is
A) another type of money.
B) the
Q12: Which of the following is a primary
Q13: Barter occurs when you exchange
A) goods for
Q14: If an economy has no money, then
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