Identify the Statement That Is True of a Barter System

question 33

Multiple Choice

Identify the statement that is true of a barter system.

• A) In a barter system, trade will only occur if there is a double coincidence of wants.
• B) In a barter system, an individual offers coins to get a good or service.
• C) In a barter system, an individual offers commodity money to get fiat money.
• 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:

Family Functions

The roles families perform to meet the physical, emotional, and social needs of their members, such as nurturing, protection, and socialization.

Resilient

The ability to quickly recover from difficulties or spring back into shape; emotional strength in facing stress or hardship.

Migration

The movement of people from one place to another with intentions of settling, permanently or temporarily, at a new location.

Social Comparison

The tendency to assess one’s abilities, achievements, social status, and other attributes by measuring them against those of other people, especially one’s peers.