Which of the Following Is a True Statement

question 89

Multiple Choice

Which of the following is a true statement?

• A) The conversion of a barter economy to one that uses money increases efficiency by increasing the cost of exchange.
• B) The conversion of a barter economy to one that uses money increases efficiency by increasing the cost to those who wish to specialize.
• C) The conversion of a barter economy to one that uses money increases efficiency by reducing transactions costs.
• D) The conversion of a barter economy to one that uses money does not increases efficiency.

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Definitions:

Security Instrument

A legal document that creates a lien on a property, securing the repayment of a loan or performance of an obligation.

Re-filed

The act of submitting or filing a document or case again after it has been dismissed or needs correction.

Article 9

A section of the Uniform Commercial Code governing secured transactions, where a creditor has a security interest in the personal property of a debtor as collateral for a debt.

UCC

Stands for Uniform Commercial Code, a comprehensive set of laws governing all commercial transactions in the United States.