ECONOMICS
CONSUMERS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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WHEN PEOPLE ____, THEY USE MONEY TO BUY AND SELL GOODS AND SERVICES.
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TRADE
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BARTER
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Commerce is an exchange between two parties of goods or services for money.
Detailed explanation-2: -Money serves as a medium of exchange, as a store of value, and as a unit of account. Medium of exchange. Money’s most important function is as a medium of exchange to facilitate transactions.
Detailed explanation-3: -The correct option is B trade. Trade refers to the buying and selling of goods.
Detailed explanation-4: -Bartering is the exchange of goods or services. A barter exchange is an organization whose members contract with each other (or with the barter exchange) to exchange property or services.
There is 1 question to complete.