Which of the Following Statements Is True of a Barter

question 89

Multiple Choice

Which of the following statements is true of a barter system?

• A)In a barter system,it is difficult to keep track of the relative values of goods and services.
• B)In a barter system,an individual offers money to import goods and services.
• C)In a barter system,an individual offers currency notes to get coins.
• D)In a barter system,different kinds of money are exchanged for one another.
• E)In a barter system,individuals are self-sufficient.

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Definitions:

Rent-Seeking Individuals

Persons or entities that seek to increase their own wealth without creating new wealth or value, often through manipulation of the political environment.

Online Money-Lending Site

A digital platform that connects borrowers with lenders, facilitating loans and financial transactions over the internet.

Prospective Lenders

Individuals or financial institutions that are potential sources of loans or financial backing, still in the consideration or evaluation stage.

Human Capital

The collective skills, knowledge, and abilities of an organization's workforce, regarded as an economic asset.