The use of money is more efficient than barter because the introduction of moneyTop of Form reduces the need to exchange goods. reduces transaction costs. reduces the need for economic specialization. reduces the need for other stores of value.
The use of money is more efficient than barter because the introduction of moneyTop of Form reduces the need to exchange goods. reduces transaction costs. reduces the need for economic specialization. reduces the need for other stores of value.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter27: Money And Banking
Section: Chapter Questions
Problem 24CTQ: The total amount of U.S. currency in circulation divided by the U.S. population comes out to about...
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1. The use of money is more efficient than barter because the introduction of moneyTop of Form
reduces the need to exchange goods.
reduces transaction costs.
reduces the need for economic specialization.
reduces the need for other stores of value.
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