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Why Is Barter Less Efficient Than Using Money

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Why is barter less efficient than using money?


Definitions:

Reasonable Doubt

The standard of proof required in criminal trials, meaning that if any reasonable doubt exists regarding the defendant's guilt, they cannot be convicted.

Substantially Certain

A legal standard indicating that an outcome or event was practically assured under certain conditions or actions.

Reasonable Person

A legal standard used to determine whether an individual's behavior in a particular situation is appropriate, by comparing it to how a hypothetical reasonable person would act under similar circumstances.

Antiassignment Clause

a contractual provision that prohibits the transfer of rights or delegation of duties under the contract to another party, without the original party's consent.

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