Dealing with a barter economy
Question:
Let's suppose an economy in which there is no widely-agreed-upon form of money. In other words, assume we are dealing with a barter economy.Would economic relationships no longer apply in such an economy? Yes or no please Explain.
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Let's suppose an economy in which there is no widely-agreed-upon form of money. In other words, assume we are dealing with a barter economy.
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Question: Why do people abroad have such faith in the U.S. currency?
What institutions might arise in the free market to help a person decide whether to accept or reject a particular private monetary note?
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