The direct exchange of one good or service for another is called
A) a token exchange.
B) a standard of deferred payment.
C) the exchange of purchasing power.
D) barter.
D
Economics
You might also like to view...
Suppose a 10 percent increase in the price of textbooks decreases the quantity demanded by 20 percent. The elasticity of demand for textbooks is
A) 0.2. B) 2.0. C) 5.0. D) 10.0.
Economics
If a European importer can buy $10,000 for 11,100 euros, the exchange rate for the euro is:
A. 1 euro = $0.80 B. 1 euro = $0.90 C. 1 euro = $0.95 D. 1 euro = $1.11
Economics