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- What challenges would you face if we lived in a society without money and would require a barter system and How would these challenges impact your ability to choose what products and services you purchase, as well as what brand or provider you use for those services.Think about the field you plan to go into, and imagine we lived in a society without money, which means we would require a barter system. What challenges would you face? How would these challenges impact your ability to choose what products and services you purchase, as well as what brand or provider you use for those services.The use of money as a medium of exchange represents the most important service that money renders. True or False
- There would be very few comedians in a barter economy. Do you agree or disagree with this statement? Explain your answer.Which of the following is not one of the criteria for a commodity to be a suitable medium of exchange? Select one: a. it should be durable b. it should have a standardised quantity c. it should be divisible d. it should not have other usesEconomics In order for trade to be completed in a purely barter economy, which of the following conditions must be satisfied? Inflation must equal zero. Scarcity must not exist. Money must be accepted by both sides of the bargaining table. There must be a double coincidence of wants
- A barter economy is an economy where goods and services are exchanged for money. money is exchanged for goods and services. goods and services are exchanged for other goods and services. goods and services are exchanged for liabilities.If there is no money, what is the number of barter prices we need if there are 1,000 goods? Add your answer Integer, decimal, or F notation allowedRecognize the situation when both the parties in a barter economy have to agree to sell and buy each other's commodities ? What is it called ?
- Persuasive essay about money laundering in the Philippines 1000 wordsIf ours were a barter economy, how would you pay your tuition bill? What if your college did not want the goods or services you offered in payment?help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working
