One advantage of a money system compared to a barter system is that
a. barter never works.
b. money creates the need for banks.
c. money is more efficient.
d. everyone has money.
C
Economics
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The demand for loanable funds is downsloping:
A. because businesses find that more investments are profitable at low interest rates than at high interest rates. B. because households are willing to save more at high interest rates than at low interest rates. C. only when the nominal interest rate exceeds the real interest rate. D. because the amount of profitable business investment varies directly with the interest rate.
Economics
If the total cost of producing 20 ceramic vases is $240, what is the average total cost of producing a single vase?
a. $240/20 = $12 b. $240 × 20 = $4,800 c. 20/$240 = $0.08 d. $240 – 20 = $220
Economics