Refer to Scenario 12.1 At the assumed annual inflation rate of 5 ...

[geoffrey]

Refer to Scenario 12.1 At the assumed annual inflation rate of 5 percent, approximately how much will the 6.00 pack of cigarettes cost in 30 years, when Jennifer reaches the retirement age of 60?
 
  A) 16 B) 21 C) 33 D) 47

Question 2

A barter system of payment is
 
  A) different from a money system of payment because money does not require a double coincidence of wants.
  B) similar to a money system of payment because both require a double coincidence of wants.
  C) different from a money system of payment because the barter system is a better unit of account.
  D) similar to a money system of payment because both use one asset as a unit of account.
  E) similar to a money system of payment because both are used as stores of value and units of account.

[mmj22343]

Answer to Question 1

C

Answer to Question 2

A

[geoffrey]

Thanks for the timely response, appreciate it

[raenoj]

Gracias!