Acceptability of the statement.

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Chapter 12, Problem 4VQP

To determine

Acceptability of the statement.

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There would be very few comedians in a barter economy. Do you agree or disagree with this statement? Explain your answer.

Personal possession of currency is prohibited in U.S. prisons, although, in practice, prisoners still exchange goods and services. U.S. prisoners used cigarettes as a medium of exchange until smoking was banned in U.S. prisons in 2003. After 2003, prisoners looked to other items on the commissary menu to facilitate exchange. In 2008, the Wall Street Journal reported that energy bars had caught on as money in some U.S. prisons. One important difference between using energy bars and using dollars as money is that____ have intrinsic value. Energy bars are an example of ___ money.

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