Chapter 29/The Monetary System v 1245Chapter 29The Monetary SystemMultiple Choice1.Moneya.is more efficient than barter.b.makes trades easier.c.allows greater specialization.d.All of the above are correct.ANS: DPTS: 1DIF: 1REF: 29-1TOP: MoneyMSC: Definitional2.When we say that trade is roundabout we mean thata.people sometimes trade goods for goods.b.trades require a double coincidence of wantsc.currency is accepted primarily to make further trades.d.
