The Exchange of One Good for Another, Without the Use

question 108

Multiple Choice

The exchange of one good for another, without the use of money, is known as:

• A) acquisitive exchange.
• B) liquidity.
• C) volatility.
• D) barter.
• E) currency.

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Definitions:

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, categorizing human needs into five levels from basic (such as physiological needs) to higher order (self-actualization).

Physiological Needs

The most basic human needs to be satisfied—water, food, shelter, and clothing.