A Barter System of Payment Is

question 268

Multiple Choice

A barter system of payment is

• A)similar to a money system of payment because both require a double coincidence of wants.
• B)similar to a money system of payment because both use one asset as a unit of account.
• C)different from a money system of payment because the barter system is a better unit of account.
• D)different from a money system of payment because money does not require a double coincidence of wants.
• E)similar to a money system of payment because both are used as stores of value and units of account.