In a Barter System, We Would Expect to See

question 392

Multiple Choice

In a barter system, we would expect to see

• A)many different units of money.
• B)money and goods exchanged for each other.
• C)wide-spread financial institutions.
• D)goods traded directly for other goods and services.

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Definitions:

MMPI

The Minnesota Multiphasic Personality Inventory, a standardized psychometric test of adult personality and psychopathology used to diagnose mental disorders.

Purchase Choice

The decision made by consumers regarding which products or services to buy.

Brands of Jam

Various companies or labels under which jam, a sweet spread made from fruit and sugar, is marketed and sold.

Ignorance

The lack of knowledge, understanding, or information about a particular subject or fact.