The medium of exchange is defined as
A) an object that is accepted in return for goods and services.
B) the exchange of goods and services directly for goods and services.
C) an item that can be stored and hold its value over time.
D) credit cards.
E) barter.
A
Economics
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Between 1810 and 1860 the number of workers in manufacturing
a. doubled. b. tripled. c. increased fivefold. d. increased tenfold. e. increased twentyfold.
Economics
If a country's saving rate increases, then in the long run
a. productivity is higher but real GDP per person is not higher. b. real GDP per person is higher but productivity is not higher. c. productivity and real GDP per person are both higher. d. neither productivity nor real GDP per person is higher.
Economics