The unit of account characteristic of money:
A) makes it difficult to compare the relative prices of goods and services.
B) refers to how we use money to transfer purchasing power over time.
C) means prices are expressed in terms of money.
D) means that money finalizes payments.
Correct Answer:
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Q2: In a barter system people:
A) have to
Q3: How many prices would a trader of
Q4: As an economy produces more different types
Q5: While money is an asset not all
Q6: Suppose that in a barter economy Tom
Q8: Specialization usually increases the output of a
Q9: The high transaction costs associated with a
Q10: Without the use of money, workers in
Q11: Which of the following would not be
Q12: The use of money makes us more
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