Some people have argued that, in a moneyless (or barter) economy, interest would not exist. Would it?

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Some people have argued that, in a moneyless (or barter) economy, interest would not exist. Would it? Explain your answer.

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Economics

ISBN: 978-1285738321

12th edition

Authors: Roger A. Arnold

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Question Posted: Feb 12, 2016 07:54 AM

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Some people have argued that, in a moneyless (or barter) economy, interest would not exist. Would it?

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This is not true because interest can be viewed as the manifestation of a positive rate of time ...View the full answer

Economics

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