Question

Which two of the following statements are most appropriate regarding transaction made in money? A)It is the easiest way. B)It is the safest way. C)It is the cheapest way. D)It is the fastest way.

Answer 1

Answer:

1.a)

2.d)

3.b)

4.c)

Explanation:

1.

because it is the only way where the double coincidence of wants get abolished and it is way easier to transact.

2.MODERN FORM OF CURRENCY DOESN'T HAVE ANY VALUE OF ITS OWN MATERIAL AND THUS THE PAPER NOTES WOULD BE AN APT ANSWER TO IT.

3. The answer is self evident that barter system is the system in which we use the  things in exchange of the goods that we procure.

4. Bank can only have an profit when the money is with the bank for a long span of time. Thus the fixed deposits with very long period would be the best for that purpose and banks would also owe some higher interest on it.