Title: QUIZ: Money Versus Barter -- The Federal Reserve and You
Course: Kelly's Copy-Export Course > Section: Money Versus Barter -- The Federal Reserve and You

Q: Bartering is a form of ____________.
- savings
- trading
- investing
- borrowing
A: trading

Q: The situation in which two people trading both offer what the other wants is called
- barter of needs.
- barter of wants.
- wants versus needs.
- coincidence of wants.
A: coincidence of wants.

Q: Which of the following is a major reason why bartering is difficult?
- No more than two people can trade at a given time.
- Only one person has to want the item you are bartering.
- You have to physically transport the items you want to barter.
- Businesses are given incentives to specialize in only good or service.
A: You have to physically transport the items you want to barter.

Q: Money makes trade easier and more efficient than bartering, because
- money can be exchanged for goods and services that a person wants.
- bartering never results in both individuals being completely satisfied.
- bartering requires the complete absence of money.
- money will never lose its value over time.
A: money can be exchanged for goods and services that a person wants.