For Barter to Occur, Traders Must Have A

question 23

Multiple Choice

For barter to occur, traders must have a:

• A) unit of account.
• B) coincidence of wants.
• C) medium of exchange.
• D) central banking facility.

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Definitions:

China

A vast country located in East Asia, known for its rich history, cultural heritage, and as being one of the world's oldest civilizations.

Norway

A country located in Northern Europe, known for its extensive coastline, fjords, and northern lights.

South America

A continent located in the Western Hemisphere, mostly in the Southern Hemisphere, with a variety of climates, cultures, and geographies.

Weather Patterns

The typical sequences or combinations of weather conditions in a particular region, observed over different timescales.