WHICH OF THE FOLLOWING ARE TRUE STATEMENTS

24) - TEST BANK CHAPTER 3 WHAT IS MONEY? TÀI CHÍNH TIỀN TỆ
TEST BANK CHAPTER 3 WHAT IS MONEY? TÀI CHÍNH TIỀN TỆ

24) Which of the following are true statements?

(a) The conversion of a barter economy to one that uses money increases efficiency by reducing the

cost of exchange.

(b) The conversion of a barter economy to one that uses money increases efficiency by reducing the

cost to those who wish to specialize.

(c) The conversion of a barter economy to one that uses money increases efficiency by reducing

transactions costs.

(d) All of the above are true.

(e) Only (a) and (c) of the above are true.

Answer: D