The use of money as a unit of account:
A) discourages specialization and division of labor.
B) inhibits the exchange of goods and services.
C) makes it difficult to compare the relative values of goods and services.
D) lowers information costs relative to barter.
E) relies on the existence of a double coincidence of wants.
Correct Answer:
Verified
Q11: An asset that can easily be exchanged
Q12: The measure of the money supply that
Q13: If Brazil experienced a period of rapid
Q14: Identify the correct definition of liquidity.
A)The availability
Q15: The use of foreign money instead of
Q17: Which of the following assets would be
Q18: Which of the following properties should be
Q19: Money fails to act as a store
Q20: An asset is said to be illiquid
Q21: Which of the following is not true
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