Which of the following factors causes the barter system to be inefficient?
A) Its cost of transaction is too low.
B) The cost associated with information search is too low.
C) It requires a double coincidence of wants.
D) It requires high liquidity.
Correct Answer:
Verified
Q12: The U.S. dollar is an example of
Q13: A currency that is not backed by
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Q15: The development of money as a medium
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Q20: When money is used as a medium
Q21: Included in M2 are
A) bank loans.
B) credit
Q22: Which of the following would not be
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