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Why did Russia experience demonetization and the expansion of barter transactions?
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- Is barter becoming more or less prevalent in the US economy? Why?Is barter becoming more or less prevalent in the US economy? What are some underground market activities that are considered legal? What are some underground market activities that are considered illegal?If ours were a barter economy, how would you pay your tuition bill? What if your college did not want the goods or services you offered in payment?
- What is the difference between full bodied currency and partialbacked currency?Before the introduction of money, there was a system of trade called the barter trade. Discuss the importance of barter trade in relation to the time it existed.? Do you think barter trade in spite of the use of money today holds any value in modern times? What is money?Exchanges take less time in a money economy than in a barter economy because a double coincidence of wants is unnecessary. Explain
- Banking and the Expansion of the Money SupplyWhat would happen if the federal reserve created too much, or not enough, currency over a given period?Before the introduction of money, there was a system of trade called the barter trade. Discuss the importance of barter trade in relation to the time it existed?