Without an Accepted Medium of Exchange

question 334

Multiple Choice

Without an accepted medium of exchange

• A) there would be no trade.
• B) people would have to rely on gold or silver in order to exchange goods and services.
• C) goods and services would be exchanged by barter.
• D) prices are very difficult to determine.

---

Definitions:

Wage Income

Earnings received by an individual from employment or labor.

Public Assistance

Government programs designed to provide financial aid to individuals or groups who are unable to support themselves.

Immigrant Population

The group of people residing in a country who were born in another country.

Illegal Immigrants

Individuals who enter or reside in a country without proper authorization or have overstayed their visa.