Sample MCQs

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1. What is barter?

  1. A.Exchange of goods or services for other goods or services
  2. B.Payment only with coins
  3. C.Government collection of taxes
  4. D.Buying through a bank

2. What problem arises when barter partners do not want each other’s goods?

  1. A.Lack of double coincidence of wants
  2. B.High interest rates
  3. C.Inflation
  4. D.Shortage of coins

3. Why did money emerge?

  1. A.To make exchange easier
  2. B.To end all production
  3. C.To prevent trade
  4. D.To replace all services

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