The main reason barter is extremely inefficient is that:
A. it can have very high transactions costs associated with it.
B. you have to find someone who both has what you want and wants what you have.
C. people and firms have to spend a lot of time looking for mutually agreeable trades.
D. All of these are true.
Answer: D
Economics
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If banks hold no excess reserves, checkable deposits total $1.5 billion, currency totals $400 million, and the required reserve ratio is 10%, then the monetary base equals
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