Why Is the Barter Method of Exchange NOT More Common

question 8

Multiple Choice

Why is the barter method of exchange NOT more common in the U.S.economy?

• A) The double coincidence of wants frequently occurs.
• B) The level of commodity money is too low.
• C) The level of commodity money is too high.
• D) The double coincidence of wants infrequently occurs.
• E) The amount of money in the economy is easy to measure.

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Definitions:

Standard Deviation Units

Units of measurement derived from the standard deviation, used to quantify the variation or dispersion of a set of data points.

Bell-Shaped

Describes the graphical representation of a normal distribution, where most values cluster around a central peak and the distribution tapers off symmetrically towards both tails.

Standard Normal Distribution

A distribution of probability that displays symmetry around its mean, highlighting that instances near the mean happen more often than those far from it.

Mean

The mean of a number set, determined by dividing the total sum of the numbers by the count of numbers present.