A barter system of payment is
A) different from a money system of payment because money does not require a double coincidence of wants.
B) similar to a money system of payment because both require a double coincidence of wants.
C) different from a money system of payment because the barter system is a better unit of account.
D) similar to a money system of payment because both use one asset as a unit of account.
E) similar to a money system of payment because both are used as stores of value and units of account.
A
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Which of the following statements is true about the U.S. economy?
A) Each year, many new jobs are created, but few existing jobs are destroyed, and the unemployed find jobs quickly. B) Each year few jobs are created, and therefore it takes the unemployed a long time to find a new job. C) Each year, few new jobs are created, but few existing jobs are destroyed, keeping unemployment low. D) Each year, many new jobs are created and many existing jobs are destroyed.
A bond issued by a local government to build a convention center that is to be financed by fees charged to users is an example of
A) commercial paper. B) a general obligation bond. C) a collateralized bond. D) a revenue bond.