In a barter system, we would see
A) many different units of money.
B) money and goods exchanged for each other.
C) wide-spread depository institutions.
D) goods traded directly for other goods and services.
Correct Answer:
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Q14: Money
A) is always composed of coins and
Q15: When you buy a hamburger for lunch,
Q16: Barter is
A) another type of money.
B) printing
Q17: Which of the following does NOT describe
Q18: A medium of exchange is
A) an object
Q20: The fact that using money avoids the
Q21: Money as a medium of exchange
I. facilitates
Q22: As a unit of account, money is
Q23: Which of the following is an example
Q24: Suppose prices are quoted in dollars and
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