The main reason barter is extremely inefficient is that:
A) you have to find someone who both has what you want and wants what you have.
B) it can have very high transactions costs associated with it.
C) people and firms have to spend a lot of time looking for mutually agreeable trades.
D) All of these are true.
Correct Answer:
Verified
Q1: One of the functions of money is
Q3: Money has replaced the need to barter,
Q4: Money is:
A) the set of all assets
Q5: When deciding what to use as money,
Q6: We say that money is a unit
Q7: We say that money is a medium
Q8: When deciding what to use as money,
Q9: The set of all assets that are
Q10: Assets that are used for money that
Q11: We say that money is a store
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