Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following is not correct? Which of the following is not correct? Money is used as a payment in transactions. When people buy

Which of the following isnotcorrect?

Which of the following isnotcorrect?

Money is used as a payment in transactions.

When people buy a good, they pay with something that is accepted by everybody in society as a medium of exchange.

When people buy a good, it is never possible to pay for it with another good.

Gold has served as money in the past.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Basic Economics

Authors: Frank V. Mastrianna

16th edition

1111826641, 978-0357706664, 978-1111826642

More Books

Students also viewed these Economics questions

Question

Relax your shoulders

Answered: 1 week ago