Question

U2 L1

1 - What does the barter system mean? Compare and contrast between commodity money and paper money. Explain their differences with examples.

2 - What is a short-run goal? What is a long-run goal? Give examples of one short-term goal and one long-term goal that would help you balance your budget.

3 - What is philanthropy? Think of four ways you could use money to do good deeds in society.

Answer 1

barter system means exchanging goods and services between a persons or amongst countries