Which of the Following Is a True Statement

question 89

Multiple Choice

Which of the following is a true statement?

• A) The conversion of a barter economy to one that uses money increases efficiency by increasing the cost of exchange.
• B) The conversion of a barter economy to one that uses money increases efficiency by increasing the cost to those who wish to specialize.
• C) The conversion of a barter economy to one that uses money increases efficiency by reducing transactions costs.
• D) The conversion of a barter economy to one that uses money does not increases efficiency.

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Definitions:

Exponent Laws

Mathematical rules that describe operations on powers, including multiplication, division, and raising powers to powers.

Financial Calculation

The process of determining financial figures or results through formulas and financial models, often involving interests, payments, or investments.

Daily Interest

Interest calculated on a daily basis, often referring to the method used for savings accounts, loans, or credit cards.

Arithmetic Operations

Basic mathematical operations including addition, subtraction, multiplication, and division.