The primary benefit of a monetary system of exchange compared to a barter system is the increased
A) ability to record transactions.
B) time necessary to find trading partners.
C) time devoted to shopping.
D) efficiency in arranging transactions.
Correct Answer:
Verified
Q1: Fiat money is money
A) that has little
Q3: In order for barter trades to occur,
Q4: Are funds available on a credit card
Q5: Compared to a barter economy, using money
Q6: Money is used as a unit of
Q7: Are "smart cards" or E-cash cards part
Q8: Money is
A) whatever is generally accepted in
Q9: If money were not used as a
Q10: Though many assets can be used as
Q11: A barter economy is one in which
A)
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