In a prison, cigarettes are used as a medium of exchange. In this scenario, a cigarette is an example of:
a. near money
b. fiat money.
c. fiduciary money.
d. commodity money.
d
Economics
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Barter occurs when you exchange
A) money for goods. B) goods for money. C) goods for other goods. D) one type of money, such as U.S. dollars, for a different type of money, such as Japanese yen.
Economics
Which of the following is a public good?
a. railroads b. genetic diversity c. a space station d. military aircraft e. commercial aircraft
Economics