Question 9 of 10
3 Points
Suppose a merchant in a moneyless economy traded his goods for a la...
Business, 08.06.2020 05:57 anthonyest827
Question 9 of 10
3 Points
Suppose a merchant in a moneyless economy traded his goods for a large
amount of purple fabric. He intended to use the fabric to trade for other
goods in another location. While he traveled to the other marketplace,
however, a trade ship arrived with a large shipment of purple fabric. As a
result, the merchant was only able to trade his fabric for about half of what he
had expected it to be worth in return. This situation illustrates the need for
what aspect of the purpose of money?
A. Preservation of value
B. Unit of measure
C. Ease of exchange
D. Government endorsement
I NEED HELP PLEASE!!
Answers: 1
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