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Author Question: The development of money as a medium of exchange has facilitated the expansion of trade because (Read 81 times)

fox

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on: Apr 19, 2019

Question 1

Josie wants to trade swimming lessons for cooking lessons. Maria wants to trade cooking lessons for swimming lessons. Josie and Maria have


◦ the basis for a liquidity exchange.
◦ a double incidence of demand.
◦ the basis for a double fiat exchange.
◦ a double coincidence of wants.

Question 2

The development of money as a medium of exchange has facilitated the expansion of trade because


◦ holding money increases people's wealth.
◦ holding money increases people's income.
◦ money eliminates the "double coincidence of wants" problem.
◦ no other mediums of exchange are available.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by fox on Apr 19, 2019

voltaire123

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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fox

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

frankwu0507

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Reply 3 on: Yesterday
Excellent

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