If people use quartz as a medium of exchange, then they:
a. have a barter economy

b. are using commodity money.
c. are using token money.
d. are using legal tender.
e. are using fiat money.

b

Economics

You might also like to view...

The Single European Act

A) created a common currency. B) created a free trade area. C) created a customs union. D) created a common market for capital and labor.

Economics

The Buy America Act of 1933 mandates that

A. household consumers buying more of local products will be given suitable tax incentives. B. the sales taxes on goods manufactured by the local labor force must be lower than the sales taxes on goods manufactured by immigrant workers. C. purchases funded by the U.S. government must favor domestic products. D. durable goods produced locally must be priced lower than comparable imported goods.

Economics