In Order for Barter Trades to Occur, There Must Be

question 59

Multiple Choice

In order for barter trades to occur, there must be a

• A) singularity of interests.
• B) bargaining intermediary.
• C) double coincidence of wants.
• D) sufficient supply of cash.

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Definitions:

Nominal Rate

The interest rate before adjustments for inflation, as opposed to the real rate, which is adjusted for inflation.

Rate of Inflation

The percent change in the price level of goods and services in an economy over a period of time, usually measured annually.

Interest

Interest is the charge for borrowing money typically expressed as an annual percentage rate, or the income earned from lending money.

Consumption

Families or individuals partaking in the use of goods and services.