Why Isn't the Barter Method of Exchange More Common in the U.S.economy

question 49

Multiple Choice

Why isn't the barter method of exchange 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:

Key Item

An essential or significant product, account, or piece of information that holds particular importance within a specific context.

Common-Sized Income Statement

An income statement in which each line item is expressed as a percentage of sales revenue, facilitating comparison across periods and with other companies.

Net Income

Net income is the total earnings of a company after subtracting all expenses and taxes from total revenue, indicating the company's profitability over a specific period.

Current Ratio

The current ratio is a liquidity ratio that measures a company's ability to cover its short-term liabilities with its short-term assets.