Author Question: The primary benefit of monetary exchange compared to barter exchange is: a. the possibility of ... (Read 33 times)

Bob-Dole · **on:** Jun 30, 2018

The primary benefit of monetary exchange compared to barter exchange is:
a. the possibility of tracking trade for tax purposes.
b. increased time devoted to finding trade partners.
c. increased time devoted to shopping for what we want.
d. increased efficiency in arranging transactions.

Question 2

An increase in nominal income will result in:
a. a decrease in money market equilibrium.
b. an excess demand for bonds.
c. an increase in bond prices.
d. an excess supply of money.
e. a higher interest rate.