Which of the following statements is false?
A) Money is the only good that can (or does) serve as a store of value.
B) In a barter economy,there is no good that serves as a unit of account.
C) There are higher transaction costs of making exchanges in a barter economy than in a money economy.
D) Money functions as a medium of exchange,unit of account,and store of value.
Correct Answer:
Verified
Q30: Compared to barter,money _ transaction costs,making transactions
Q31: Money's basic advantage as compared to barter
Q32: A unit of account is
A) a bank
Q33: A bank's business is to turn its
Q34: Exchanges take less time in a barter
Q36: The two types of asymmetric information problems
Q37: If peanuts were widely accepted for purposes
Q38: Transaction costs are best defined as the
A)
Q39: To an economist,money is a synonym for
Q40: In the Yap civilization of the South
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