Asked by
Amanda Basile
on Oct 09, 2024
Verified
Barter:
A) is the major means of exchange in centrally planned economies.
B) accounts for over 30 percent of the dollar volume of all exchange in the U.S.economy.
C) entails the exchange of goods for goods.
D) is used to circumvent the problem of a lack of coincidence of wants among potential buyers and sellers.
Barter
A system of exchange where goods or services are traded directly for other goods or services without the use of money.
Exchange of Goods
The act of giving one item of value in return for another, especially in a commercial context.
- Acknowledge the merits and drawbacks of exchanging goods directly without money, and understand the crucial role of monetary systems in enhancing trade and specialization.
Verified Answer
TJ
Learning Objectives
- Acknowledge the merits and drawbacks of exchanging goods directly without money, and understand the crucial role of monetary systems in enhancing trade and specialization.