In economic terms, how would Hilo state what has happened when his coworker says she will help him fix his car because Hilo is willing to teach her son to play the drums? O a) The double coincidence of wants is satisfied. b) There are two equal units of account. O) The arrangement acts as a store of value. d) Money is backed by commodities. O e) The arrangement acts as a money multiplier.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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In economic terms, how would Hilo state what has happened when his coworker
says she will help him fix his car because Hilo is willing to teach her son to play the
drums?
O a) The double coincidence of wants is satisfied.
O b) There are two equal units of account.
Oc) The arrangement acts as a store of value.
O d) Money is backed by commodities.
e) The arrangement acts as a money multiplier.
Transcribed Image Text:In economic terms, how would Hilo state what has happened when his coworker says she will help him fix his car because Hilo is willing to teach her son to play the drums? O a) The double coincidence of wants is satisfied. O b) There are two equal units of account. Oc) The arrangement acts as a store of value. O d) Money is backed by commodities. e) The arrangement acts as a money multiplier.
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