Which of the Following Statements Best Describes a Barter System

question 121

Multiple Choice

Which of the following statements best describes a barter system of exchange?

• A)It involves the trading of goods directly for other goods.
• B)It requires the use of money.
• C)It does not involve the double coincidence of wants.
• D)It developed late in history.
• E)It is the most efficient form of exchange.

---

Definitions:

Restrictive Covenant

Clauses in a deed or lease that limit what the owner of the property or tenant can do with the property.

Public Policy

The unwillingness of the courts to enforce rights that are contrary to the general interests of the public.

Cottage Resort

A vacation facility composed of small, cozy dwellings in a scenic or rural setting, offering a relaxed atmosphere.

Registry System

A system for recording information and transactions, typically for assets like land, vehicles, or intellectual property.