Barter Can Only Take Place If There Is

question 107

Multiple Choice

Barter can only take place if there is

• A)money.
• B)a double coincidence of wants.
• C)a double coincidence of money.
• D)no inflation.
• E)low transaction costs.

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Definitions:

Courts

Judicial institutions authorized to hear and resolve legal disputes, applying the law to specific cases.

Tests

Procedures or methods used to assess, measure, or evaluate skills, knowledge, or performance in a particular area.

Principal's Right To Control

The legal right of a principal to dictate the actions and decisions of an agent acting on the principal's behalf.

Agent

A person or entity authorized to act on behalf of another person or entity, known as the principal, in business transactions or legal matters.