Which one of the following is FALSE?
A) Money facilitates exchange by reducing transaction costs.
B) By serving as a unit of accounting, money allows consumers to compare the relative values of different goods.
C) The use of money as a medium of exchange means that the distribution of money in an economy mirrors the distribution of wealth.
D) The use of money as a medium of exchange permits more specialization in an economy.
Correct Answer:
Verified
Q1: When Corrina and Sam use dollars to
Q3: Why is barter being used more frequently?
A)
Q4: For barter to occur there has to
Q5: Which of the following would be considered
Q6: Which of the following items has the
Q7: Which one of the following statements is
Q8: The ease of exchange arranged by internet
Q9: The money supply in the United States
Q10: United States coins and currency are backed
Q11: Table 13.1
![]()
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