Multiple Choice
The use of money is more efficient than barter because the introduction of money
A) reduces the need for economic specialization.
B) reduces the need to exchange goods.
C) reduces the need for other stores of value.
D) reduces transaction costs.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q40: Large differences in inflation rates among countries
Q41: If there is a financial panic and
Q42: Suppose velocity is constant at 4,real output
Q43: In some countries,prices in stores are listed
Q44: A developing country does not have enough
Q46: Suppose the real money demand function is
Q47: If the nominal money supply grows 5%,real
Q48: AAA Company stock has a higher expected
Q49: The uncertainty about the return an asset
Q50: Which of the following best illustrates the