ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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checks
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bartered
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money
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None of the above
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Detailed explanation-1: -Money is a medium of exchange for various goods and services in an economy. The money system varies with the governments and countries. Different countries have different currencies. The central authority is responsible for monitoring the monetary system.
Detailed explanation-2: -Commerce is an exchange between two parties of goods or services for money.
Detailed explanation-3: -The exchange of goods in return for other goods or services is called Barter System.
Detailed explanation-4: -Related subjects: Business. A market is a social arrangement that allows buyers and sellers to discover information and carry out a voluntary exchange of goods or services. It is one of the two key institutions that organize trade, along with the right to own property.
Detailed explanation-5: -Exchanging goods for goods is called the Barter System.