Currency Substitution Means

question 17

Multiple Choice

Currency substitution means

• A)use of money instead of barter.
• B)use of countertrade instead of money.
• C)use of foreign exchange instead of domestic currency.
• D) all of the above.
• E) none of the above.

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Definitions:

Standard of Living

A level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or geographic area.

Structural Mobility

The movement of individuals or groups within or between social strata in a society, typically driven by changes in the economy or societal structures rather than individual efforts.

Information Technology

The use of computers and telecommunications equipment to store, retrieve, transmit, and manipulate data.

Digital Divide

The gap between those who have ready access to computers and the internet, and those who do not, affecting opportunities for economic, educational, and social advancement.