Which of the following is an example of barter where the double coincidence of wants may NOT always occur?
A) An individual uses tobacco to buy everything, and tobacco is an item that all merchants willingly accept.
B) An individual uses fiat money to buy everything, and fiat money is an item all merchants willingly accept.
C) An individual wants to buy a new set of tires using seashells from a merchant who needs seashells.
D) All merchants price goods in terms of number of seashells.
E) All merchants price goods in terms of amount of fiat money.
Correct Answer:
Verified
Q2: Which of the following would be a
Q7: Which of the following statements is true?
A)
Q8: Money does NOT function as a(n)
A) unit
Q9: For something to be considered money,it must
A)
Q14: Which of the following would NOT increase
Q15: Which of the following would NOT decrease
Q16: What function of money is highlighted when
Q18: When money is acting as a medium
Q18: What function of money is highlighted when
Q29: When an economy experiences inflation,the value of
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