Barter Is

question 36

Multiple Choice

Barter is

• A)illegal in the United States
• B)an efficient system of exchange
• C)most useful when there is much specialization and international trade
• D)only possible if money is used as a medium of exchange
• E)the direct exchange of goods, without the use of money

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Definitions:

Honey

A sweet, viscous food substance made by bees from the nectar of flowers.

Expectation

The anticipation or belief regarding the future performance of the economy, markets, or individual financial assets.

CDs

Certificates of Deposit, a financial product offered by banks that provides an interest rate premium in exchange for the customer agreeing to leave a lump-sum deposit untouched for a predetermined period.

Price Increase

A rise in the cost of goods or services.