The two types of asymmetric information problems are moral hazard and insolvency.
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Q31: Money's basic advantage as compared to barter
Q32: A unit of account is
A) a bank
Q33: A bank's business is to turn its
Q34: Exchanges take less time in a barter
Q35: Which of the following statements is false?
A)
Q37: If peanuts were widely accepted for purposes
Q38: Transaction costs are best defined as the
A)
Q39: To an economist,money is a synonym for
Q40: In the Yap civilization of the South
Q41: In a barter economy,people are _ to
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