Multiple Choice
The greater the degree of specialization in the economy,the:
A) easier it is to discover a double coincidence of wants.
B) more feasible is a barter system.
C) less likely it is that monetary exchange will develop.
D) harder it is to negotiate an exchange rate between all pairs of goods.
E) more likely it is that individual consumers are self-sufficient.
Correct Answer:

Verified
Correct Answer:
Verified
Q128: The chair of the Board of Governors
Q129: Compared to many other countries,the United States
Q130: To minimize the effect of short-term political
Q131: Inflation is impossible in a commodity money
Q132: Any bank that uses deposits to make
Q134: One characteristic of cattle that makes them
Q135: Under a fractional reserve banking system,banks have
Q136: While deposit insurance was designed to make
Q137: Fiat money is backed by:<br>A)gold or silver.<br>B)fractional
Q138: The first checks were probably notes written