Barter May Be the Only Alternative

question 161

Multiple Choice

Barter may be the only alternative

• A)only if the supply of money dries up
• B)if the supply of money dries up or if the price system is not allowed to function properly
• C)only if the price system is not allowed to function properly
• D)if hyperinflation sets in
• E)if fiat money is discontinued

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Definitions:

Specific Performance

A legal remedy in contract law requiring a party to execute the contract according to its exact terms rather than paying monetary damages.

Unique Items

Unique items refer to objects or assets that are distinct because of certain features or characteristics that set them apart from other items in a collection or category.

Personal Property

Personal property encompasses movable assets owned by an individual or entity, in contrast to immovable real estate, such as furniture, vehicles, and electronics.

Restitution

The restoration of goods, property, or money to its rightful owner or the compensation for loss, damage, or injury caused.