Identify the Statement Which Is True of a Barter System

question 149

Multiple Choice

Identify the statement which is true of a barter system?

• A)In a barter system,trade will only occur if there is a double coincidence of wants.
• B)In a barter system,an individual offers coins to get a good or service.
• C)In a barter system,an individual offers a commodity money to get fiat money.
• D)In a barter system,different kinds of money are exchanged for one another.
• E)In a barter system,individuals are self-sufficient.

---

Definitions:

Practical Intelligence

Refers to the ability to solve everyday problems through the use of experience-based knowledge.

Educators' Biased Judgments

The influence of personal prejudices or preferences by teachers or instructors in evaluating student performance.

G Factor

In psychology, a term for general intelligence that underlies specific mental abilities and talents across various domains.

Specific Culture

A unique set of beliefs, values, and practices that identify a particular group or society.