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Author Question: In a barter system, we would see A) many different units of money. B) money and goods exchanged ... (Read 140 times)

mckennatimberlake

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on: Jun 29, 2018
In a barter system, we would see
 
  A) many different units of money.
  B) money and goods exchanged for each other.
  C) wide-spread depository institutions.
  D) goods traded directly for other goods and services.

Question 2

Which of the following statements is CORRECT?
 
  I. The exchange rate is a price.
  II. The exchange rate is different from other prices because it is NOT determined by supply and demand.
  A) only I
  B) only II
  C) I and II
  D) neither I nor II


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otokexnaru

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


mckennatimberlake

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Reply 2 on: Jun 29, 2018
Excellent

peter

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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