The Barter Method of Exchange Isn't More Common in the U.S.economy

question 63

Multiple Choice

The barter method of exchange isn't more common in the U.S.economy because the

• A) double coincidence of wants frequently occurs.
• B) level of commodity money is too low.
• C) level of commodity money is too high.
• D) double coincidence of wants infrequently occurs.
• E) amount of money in the economy is easy to measure.

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Definitions:

Interest Rate Cap

A financial derivative or agreement that limits the maximum interest rate that can be charged on a variable-rate loan or mortgage.

Interest Rate Floor

An agreement in which a lower limit is set on the interest rate that can be paid on a financial obligation.

Collar

A strategy in finance used to limit the range of possible returns on an investment, often by buying and selling options.

Ergonomics

The study and design of work environments to maximize safety, comfort, and efficiency for human use.