Question
Distinguish between a barter economy and a money-based economy, making sure to indicate the role of transaction costs in each system. Briefly EVALUATE the statement
Distinguish between a barter economy and a money-based economy, making sure to indicate the role of transaction costs in each system.
Briefly EVALUATE the statement that, "although MONEY is a poor store of value, it is a predominant financial asset held by everybody".
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The Economics of Public Issues
Authors: Roger LeRoy Miller, Daniel K. Benjamin, Douglass C. North
19th edition
134018974, 134018973, 9780134020532 , 978-0134018973
