Which of the Following Would Be a Consequence in an Economy

question 1

Multiple Choice

Which of the following would be a consequence in an economy where there is no money?

• A) There would be no way to save for the future.
• B) There would be no way to borrow.
• C) Exchanges would occur more quickly.
• D) Exchanges would take longer.
• E) There would be no more exchange.

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Definitions:

Budget Enforcement Act

Legislation intended to enforce strict budgetary controls on federal spending, aiming to reduce the fiscal deficit.

Budget Deficit

A budget deficit occurs when a government's expenditures exceed its revenues over a specified period, leading to borrowing or the use of saved reserves to meet the shortfall.

Government Budget Deficit

occurs when a government's expenditures exceed its revenues, leading to borrowing or debt accumulation.

U.S. Treasury

The government department responsible for managing federal finances, including issuing currency and managing public debt.