Consider Five Individuals with Different Occupations In a Barter System Which of the Following Pairs Has

question 279

Multiple Choice

Consider five individuals with different occupations. $$\begin{array} { | l | l | l | } \hline \text { Allen } & \text { praparas taxes } & \text { wants ribs } \\\hline \text { Betty } & \text { does dry cleaning } & \text { wants campute fixed } \\\hline \text { Cakin } & \text { fixas canguters } & \text { wants bread } \\\hline \text { Diedre } & \text { bakes bread } & \text { wants taxes pregared } \\\hline \text { Eric } & \text { Garbecues ribs } & \text { wants dry cleaning } \\\hline\end{array}$$ In a barter system which of the following pairs has a double coincidence of wants?

• A)Allen and Eric
• B)Diedre and Calvin
• C)Both A and B are correct.
• D)None of the above are correct.

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Definitions:

Definite Time

A specific point or period in time that is clearly defined or determined.

Electronic Transactions

The process of conducting financial or administrative transactions digitally, using technology such as the internet, electronic data interchange, or email.

Checks

Written, dated, and signed instruments that direct a bank to pay a specific sum of money to the bearer or to the order of a person.

Promissory Notes

A written agreement to pay a specified amount of money, either on demand or at a defined future date.