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:

Variance

A measure of the dispersion of a set of data points around their mean; shows how much the data vary from the average.

Binomial Distribution

A probability distribution that summarizes the likelihood of a variable to take one of two independent values under a given number of iterations.

Distribution of X

Refers to the way values of the variable X are spread or distributed across possible outcomes, showing the frequency of each value.

Speed Limits

Legal maximum or minimum speeds set for vehicles on particular roads to ensure safety.