Which of the Following Best Defines Barter

question 155

Multiple Choice

Which of the following best defines barter?

• A)It is an exchange of goods for money.
• B)It is an exchange of money for foreign currency.
• C)It is a generally accepted legal tender.
• D)It is a transaction that requires a double coincidence of wants.

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Definitions:

Accommodation

The process we use to create new schemas (mental representations) or drastically alter existing ones to incorporate new information that otherwise would not fit.

Centration

The tendency, especially in children, to focus on one aspect of a situation while ignoring others.

Accommodation

The process by which the eye changes optical power to maintain a clear image or focus on an object as its distance varies.

Assimilation

The cognitive process in which individuals integrate new information into existing frameworks or schemas.