📝 Multiple Choice Question
Economics
Choose the correct statement/s from the following. i. It is difficult to carry one's wealth under a barter system of transactions. ii. Money is perishable and it cannot be stored. iii. An increase in the price level can diminish the purchasing power of currency.
A
i and iii
B
ii and iii
C
i and ii
D
Only ii
Explanation
Barter requires bulky goods making wealth storage difficult, and while money solves this by being a durable store of value, high inflation can erode its purchasing power.
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