To make a trade in a barter economy requires:
A) currency.
B) a check.
C) scrip.
D) a double coincidence of wants.
Correct Answer:
Verified
Q12: In the United States, monetary policy is
Q13: People use money as a unit of
Q14: To reduce the money supply, the Federal
Q15: Economists use the term money to refer
Q16: Money that has no value other than
Q18: In a country on a gold standard,
Q19: The quantity of money in the United
Q20: All of the following are considered major
Q21: Currency equals:
A) M1.
B) the sum of funds
Q22: Demand deposits are funds held in:
A) currency.
B)
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