As Opposed to a Payments System Based on Barter,a Payments

question 11

Multiple Choice

As opposed to a payments system based on barter,a payments system based on money

• A)requires a double coincidence of wants.
• B)leads to less specialization.
• C)makes trades less costly.
• D)None of the above is correct.

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Definitions:

Bill of Rights

Ratified in 1791, the first ten amendments of the U.S. Constitution secure rights like the freedom of speech, the right to assemble, and religious freedom.

Federal Actions

Measures or activities undertaken by the federal government of the United States to implement laws, policies, or objectives.

Wall of Separation

A metaphor describing a strict division between government and religious institutions to avoid any undue influence.

Church and State

Refers to the separation between organized religion and the nation state, ensuring that religious institutions do not govern state affairs and vice versa.