What gave rise to money exchanges?
A) self-sufficiency
B) the high transaction costs of barter
C) the existence of a double coincidence of wants
D) the development of fiat money
E) token money
Correct Answer:
Verified
Q1: Exchange is necessary in an economy if:
A)output
Q3: Barter was more feasible in primitive societies
Q7: Which of the following best illustrates the
Q8: Barter may be the only alternative _
A)
Q8: Which of the following statements is true
Q10: Identify the statement that is true of
Q11: The more specialized labor becomes,the:
A)less likely it
Q16: Which of the following statements is true
Q17: The greater the number of different goods
Q19: Before specialization:
A)families were largely self-sufficient.
B)families produced much
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