If an Economy Has No Money, Then All Transactions Must

question 22

Multiple Choice

If an economy has no money, then all transactions must be conducted through the use of .

• A)debit cards
• B)barter
• C)cheques
• D)credit cards

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Definitions:

Optimal Way

The most efficient or effective method for achieving a specific goal or outcome.

Serious Cash Shortage

A financial situation where an entity lacks sufficient funds to cover its immediate or short-term obligations, leading to potential liquidity issues.

Venture

An undertaking that is typically risky but offers the potential for significant rewards, often associated with new businesses or startups.

Capital

Wealth in the form of money or other assets owned by a person or organization or available for purposes such as starting a company or investing.