Which of the following are true of a barter economy check, Ask an Expert

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Which of the following are true of a barter economy? Check all that apply.

The transaction costs of exchanges are lower in a barter economy than in a money economy.

Average living standards can be expected to be lower in a barter economy than in a money economy.

Money evolved out of a barter economy as traders sought to make trading easier.

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Business Economics, Economics

Category:- Business Economics
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