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  • A system in which people trade goods they don't want to consume for goods they do want to consume is called #681
  • A disadvantage of the barter system is that #682
  • The use of money is more efficient than barter because the introduction of money #683
  • In economics, money refers to #684
  • The following are all functions of money except #685
  • Money's primary role in the economy comes from the benefits of lowering transactions costs and allowing specialization. This function of money is called #686
  • For something to satisfy the medium-of-exchange function of money, it must be #687
  • Which of the following best illustrates the medium of exchange function of money? #688
  • Short-run contractions and expansions in economic activity are called #689
  • In some countries, prices in stores are listed in terms of U.S. dollars, rather than in units of the local currency. That's most likely because #690
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