The use of money makes us more efficient because:
A) We spend more time trading and more time producing
B) People can specialize in what they do well
C) With money we borrow less
D) Money increases in value over time
Correct Answer:
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Q3: While money is an asset not all
Q6: Suppose that in a barter economy Tom
Q7: The unit of account characteristic of money:
A)Makes
Q9: Without the use of money, workers in
Q10: In a barter system:
A)People have to specialize
Q11: Which of the following would not be
Q11: Money as a means of payments refers
Q14: How many prices would a trader of
Q16: Which of the following is not an
Q18: Which best describes money as a means
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