Author Question: A bank is an example of a financial intermediary. a. True b. False Indicate whether the statement ... (Read 40 times)

darbym82 · **on:** Jun 30, 2018

A bank is an example of a financial intermediary.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Money exchanges are more efficient than barter because:
a. money exchanges do not require a double coincidence of wants.
b. the government guarantees the value of money.
c. money usually has an intrinsic value.
d. money is backed by a physical commodity.
e. opportunity costs are higher with barter trades.