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    Money Banking and Financial Markets
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    Exam 3: What Is Money
  5. Question
    Compared to an Economy That Uses a Medium of Exchange,in
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Compared to an Economy That Uses a Medium of Exchange,in

Question 43

Question 43

Multiple Choice

Compared to an economy that uses a medium of exchange,in a barter economy


A) transaction costs are higher.
B) transaction costs are lower.
C) liquidity costs are higher.
D) liquidity costs are lower.

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