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YDS PARAGRAF DOLDURMA / TEST 6 14. Soru

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14.

- In a market system, individual economic
units are free to interact among each other
in the market place. Transactions may take
place through barter or money exchange. In
a barter economy, real goods such as
automobiles, shoes, and pizzas are traded
against each other. —. Hence the
introduction of money as a medium of
exchange eases transactions considerably.

It issued laws or commands as to how
much each good was to be produced

People were inclined to measure the worth
of things with reference to goats

Obviously, finding somebody who wants to
trade an old car in exchange for a sail boat
may not always be an easy task

The distinction between money and credit
causes much confusion in discussions of
monetary theory

They are used as means to more easily
transfer larger amounts of money between
bank accounts