The Need for Barter Is Eliminated When Money Is Used

question 7

Multiple Choice

The need for barter is eliminated when money is used as a

• A) medium of exchange.
• B) measure of the price level.
• C) standard of value.
• D) hoard of wealth.
• E) store of value.

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Definitions:

Phytophthora

A genus of plant-damaging oomycetes, commonly referred to as water molds, responsible for a range of plant diseases.

Axopods

Long, thin extensions of certain protozoans, such as those in the phylum Actinopoda, used for feeding and movement.

Test

A shell.

Actinopods

Protists characterized by axopods that protrude through pores in their shells. See rhizarians.