What is the main advantage of using money instead of bartering?
A. Things that people usually trade have very little value to anyone.
B. Not all countries use the same types of money in their economies.
C. Money comes in many different values to pay for goods and services.
D. People do not have to have a good or a service that another person wants.
D. People do not have to have a good or a service that another person wants.
What is it called when prices rise at a high rate?
A. interest rate
B. net export
C. inflation
D. taxes
C. inflation
Which of these events would most likely lead to a rise in interest rates for home mortgages?
A. The prices of homes for sale in a certain city rise by a great deal.
B. Many new lenders begin offering home mortgages.
C. Home sales increase greatly for several months in a row.
D. The average time needed to sell a house doubles.