Which of the Following Is True If a Nation's Official

question 93

Multiple Choice

Which of the following is true if a nation's official money fails to serve as a medium of exchange?​

• A)Nothing will replace money to help facilitate exchange.
• B)There will be an increase in economic efficiency.
• C)Resources will divert from production to exchange.
• D)Transactions costs of exchange will decrease.
• E)Fewer barter exchanges will be completed.

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Definitions:

Time Period

A specific duration marked by a start and end date or time, often used in financial and performance analysis.

Savings Accounts

Deposit accounts held at a financial institution that offer a modest interest rate.

Deposit

A sum of money placed into an account in a bank or similar financial institution.

Future Value

The value of an investment at a specified date in the future, taking into account factors like compound interest or projected growth.