Something used to make payments for other goods and services as well as to measure their value is called:
a. money.
b. credit.
c. prestige.
d. barter.
e. silent trade.
Question 2
Which of the following is the fundamental characteristic of the market in non-Western societies?
a. It is located in a rural area close to where produce is grown.
b. It is found only in towns where produce is grown, distributed, and consumed.
c. It is an abstract concept, where goods are exchanged over the Internet.
d. It is a traditional marketplace, where actual goods are exchanged.
e. There is no concrete marketplace where actual goods are exchanged.
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