What Caused the Decline of Barter as a Means of Obtaining

question 22

Multiple Choice

What caused the decline of barter as a means of obtaining something needed by a consumer?

• A) Development of the central bank system
• B) The discovery of gold
• C) The invention of the credit card
• D) The use of bonds
• E) The introduction of money

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Definitions:

Human Capital

The combined abilities, expertise, and other non-material assets possessed by people that can be leveraged to generate economic benefits for themselves, their workplace, or the society.

Free Markets

Economic systems where transactions are conducted without significant government intervention, allowing for the free exchange of goods and services based on supply and demand.

Education Levels

The attainment or degree of educational qualifications measured across a population, reflecting various stages like primary, secondary, and tertiary education.

Literacy Rates

Literacy Rates measure the percentage of the population over a certain age that can read and write, often used as an indicator of educational achievement.