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Cecchetti3e_MCQuiz_Ch02_FINAL copy

Cecchetti3e_MCQuiz_Ch02_FINAL copy - Chapter 2 Money and...

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Chapter 2 Money and the Payments System Multiple Choice Questions 1. Tom bakes bread and Hans produces chocolates. Tom wants chocolates but Hans doesn't like bread. This situation is an example of which problem associated with a barter system? A. None of the above. B. The double coincidence of wants problem. C. The law of diminishing returns. D. Too much specialization. E. Not enough prices. Ans: B Difficulty: Medium Topic: Money and How We Use It 2. The most commonly quoted monetary aggregate is: 3. Economic research has shown that between 1990 and 2000 in most industrialized countries:
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