A major source of inefficiency in barter economies is that they require
A) a standard of deferred payment to make trade possible.
B) a double coincidence of wants in exchange.
C) more liquid stores of value than do monetary economies.
D) sufficient supplies of money to finance all transactions.
E) All of the above are correct.
Correct Answer:
Verified
Q25: Liquidity is defined as
A)the ease with which
Q26: Commodity money is a good
A)used as money
Q27: During World War II, prisoners of war
Q29: Which of the following is a function
Q31: The statement "this Harry Rosen tie costs
Q32: When a grocery store accepts your $5
Q33: If banks closed and ATMs limited withdrawals
Q34: A car dealer sells you a car
Q42: What are the four functions of money?
Q46: Would the invention of money,as opposed to
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