True of a barter economy, Which of the following are true

True of a barter economy

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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.

Reference no: EM131009680

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