Barter

question 155

Multiple Choice

Barter

• A) works as well as money in all cases.
• B) involves a double coincidence of wants if an exchange takes place.
• C) serves as store of value in primitive societies.
• D) is any exchange, with or without the presence of money, in which the participants negotiate the terms of trade.

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Definitions:

Record Date

Record date is the specific date set by a company on which one must be on the company's books as a shareholder to receive a declared dividend or participate in corporate actions.

Quarterly Dividends

Dividends that are declared and paid by a company four times a year, usually at a fixed rate per share.

Board of Directors

A group of individuals elected by shareholders to oversee the management and make major decisions for a corporation.

Legal Dividend

A dividend that a company is legally allowed to distribute as determined by its net income or retained earnings.