Using money as a medium of exchange:
A) requires people to match goods wanted with goods available.
B) inhibits economic transactions.
C) reduces the need for barter in the economy.
D) reduces the need for a banking system.
E) reduces the range of feasible exchanges in the economy.
Correct Answer:
Verified
Q1: Perishable goods such as tomatoes and milk
Q2: In the United States, the different categories
Q4: A scalper reselling Super Bowl tickets is
Q5: Which of the following is a reason
Q6: Which of the following would be counted
Q7: Which of the following is a transactions
Q8: The concept of double coincidence of wants
Q9: As a standard of deferred payment, money
Q10: Credit can be described as:
A)money used as
Q11: An asset that can easily be exchanged
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