Which of the following is not true about barter?
A) It involves the direct exchange of one good or service for another.
B) It is more likely to occur if people lose faith in a nation's currency.
C) It is considered to be less efficient for an economy than the use of money.
D) It allows people to obtain more goods than they can using money.
Correct Answer:
Verified
Q1: Barter:
A) Makes market transactions easier and less
Q2: When money is used to pay for
Q3: Reggie fixes his friend's car and the
Q4: Professor Williams tutors her next-door neighbor's son
Q5: Money is functioning as a store of
Q7: Which of the following is not an
Q8: Money is functioning as a medium of
Q9: When the market value of goods and
Q10: Money is anything that:
A) Can be used
Q11: Which of the following is not true
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