Which of the Following Is True If a Nation's Official

question 113

Multiple Choice

Which of the following is true if a nation's official money fails to serve as a medium of exchange?

• A) Nothing will replace money to help facilitate exchange.
• B) There will be an increase in economic efficiency.
• C) Resources will divert from production to exchange.
• D) Transaction costs of exchange will decrease.
• E) Fewer barter exchanges will be completed.

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Definitions:

Excited State

A condition of an atom, molecule, or nucleus in which it possesses more energy than its ground state.

Electron

A subatomic particle with a negative charge, found in all atoms and acting as the primary carrier of electricity in solids.

Photon

A quantum of electromagnetic radiation that embodies the concept of light as both a particle and a wave.

Electron

A subatomic particle with a negative charge found in all atoms, contributing to electricity.