All but the Most Primitive Societies Use Money as a Medium

question 22

Multiple Choice

All but the most primitive societies use money as a medium of exchange,implying that

• A)the use of money is economically efficient.
• B)barter exchange is economically efficient.
• C)barter exchange cannot work outside the family.
• D)inflation is not a concern.

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Definitions:

Differences

Distinct characteristics or aspects that set people, things, or concepts apart from each other.

Boston

A historic city in Massachusetts, United States, one of the oldest cities in the country, and site of several key events during the American Revolution, such as the Boston Tea Party and the Battle of Bunker Hill.

American Revolution

The period of political and military conflict (1775-1783) between the Thirteen Colonies and the British Empire, leading to the independence of the United States.

Instigating

The act of provoking or initiating an event, action, or situation, often with the intention of causing something specific to happen.