1. Why do people in some countries keep using things other than coins or bills for money?...

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1. Why do people in some countries keep using things other than coins or bills for money?
2. As noted in the case, a variety of items are used for money. To what extent does each item satisfy the four characteristics that money should possess?
3. Discuss the advantages and disadvantages of eliminating the penny in Canada. Why do you think the United States has resisted this move and the move to replace the US $1 bill?
4. Why is the barter system generally considered to be inferior to the use of money? Are there some ways in which the barter system may be superior?
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Business

ISBN: 978-0133354263

8th Canadian Edition

Authors: Ricky Griffin, Ronald J.Ebert, Frederick Starke, Melanie Lang, George Dracopoulos

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