Author Question: In a barter system, we would see A) many different units of money. B) money and goods exchanged ... (Read 82 times)

mckennatimberlake · **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