Question and answer
Penny is an artist, and John is a carpenter. Penny agrees to paint a portrait of John’s family in exchange for a handmade table created by John. How did Penny and John pay for the goods in their
transaction? a. using a store of value c. through bartering b. with money d. with currency
Penny and John paid for the goods in their transaction: c. through bartering.
Get an answer
Original conversation
User: Penny is an artist, and John is a carpenter. Penny agrees to paint a portrait of John’s family in exchange for a handmade table created by John. How did Penny and John pay for the goods in their transaction? a. using a store of value c. through bartering b. with money d. with currency

Weegy: Penny and John paid for the goods in their transaction: c. through bartering.
andrewpallarca|Points 21923|

User: In the 1800s, people in mining towns in the West often paid for goods with gold nuggets or gold dust. What was the function of gold? a. It was used as part of a barter system. b. It was used as a currency. c. It was used as representative money. d. It was used as fiat money.

Weegy: It was used as a currency.
latefisher|Points 3420|

User: Which of the following correctly defines money as a unit of account? a. It determines whether a good has value. b. It is determined to be legal by the person in possession of it. c. It provides a means for comparing the values of goods and services. d. It does not retain its value when saved instead of spent

Weegy: c. It provides a means for comparing the values of goods and services. -correctly defines money as a unit of account.
may100|Points 2416|

User: One of the six characteristics economists use to judge how well an item serves as currency is divisibility. What does this concept mean? a. Currency must be divided into equal parts. b. Money must be indestructible and portable. c. Any two units of currency must be uniform. d. Money must be easily divided into smaller denominations.

Weegy: The answer is d. Money must be easily divided into smaller denominations.
jeifunk|Points 9733|

User: What is the difference between commodity money and representative money? a. Commodity money consists of objects used as money that contain their own value, but representative money is a specific group of the commodity objects. b. Commodity money consists of objects that have value in and of themselves, but representative money makes use of objects because the holder can exchange them for something else of value. c. Representative money allows objects to be exchanged for something else, but commodity money has value because the government decreed it is an acceptable means to pay debts. d. Representative money consists of objects that have value in and of themselves, but commodity money makes use of objects because the holder can exchange them for something else of value.

Weegy: What is the difference between commodity money and representative money? c. Representative money allows objects to be exchanged for something else, but commodity money has value because the government decreed it is an acceptable means to pay debts
alfred123|Points 1911|

User: objects that have value because the holder can exchange them for something else of value

User: Money that has value because the government has ordered it is an acceptable means to pay debts is: a. fiat money c. representative money b. commodity money d. uniformed money

Weegy: Money that has value because the government has ordered it is an acceptable means to pay debts is a. fiat money.
Expert answered|Sting|Points 4243|

Question
Asked 5/22/2013 2:50:38 PM
0 Answers/Comments
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
In the 1800s, people in mining towns in the West often paid for goods with gold nuggets or gold dust. What was the function of gold? a. It was used as part of a barter system. b. It was used as a currency. c. It was used as representative money. d. It was used as fiat money.
Weegy: It was used as a currency. User: Which of the following is an example of representative money? a. a fur coat c. gold earrings b. diamonds d. an IOU note Weegy: IOU note is an example of representative money. (More)
Question
Expert Answered
Asked 5/22/2013 3:46:47 PM
0 Answers/Comments
Why is using coins as money easier than using gold bars? a. coins are more durable c. coins are more uniform b. coins are more portable d. coins are more limited in supply
Weegy: B. Coins are more portable. User: What is the difference between commodity money and representative money? a. Commodity money consists of objects used as money that contain their own value, but representative money is a specific group of the commodity objects. b. Commodity money consists of objects that have value in and of themselves, but representative money makes use of objects because the holder can exchange them for something else of value. c. Representative money allows objects to be exchanged for something else, but commodity money has value because the government decreed it is an acceptable means to pay debts. d. Representative money consists of objects that have value in and of themselves, but commodity money makes use of objects because the holder can exchange them for something else of value Weegy: What is the difference between commodity money and representative money? c. Representative money allows objects to be exchanged for something else, but commodity money has value because the government decreed it is an acceptable means to pay debts User: American leaders in the early United States wanted to establish a stable banking system in order to a. provide competition for merchant lenders. b. promote international trade and economic growth. c. help all Americans build wealth through savings accounts. d. allow individual merchants to charge fees for loans and other services Weegy: American leaders in the early United States wanted to establish a stable banking system in order to b. promote international trade and economic growth. (More)
Question
Expert Answered
Asked 5/22/2013 3:30:52 PM
0 Answers/Comments
18,068,969 questions answered
Popular Conversations
How would you rewrite the equation 2x + 4y + 2 = 3y + 5 in general ...
Weegy: FOIL (First Outside Inside Last) = 2x(2x) + 2x(-3y) + (-3y)(2x) + (-3y)(-3y) = 4x^2 + (-6xy) + (-6xy) + ...
10/30/2014 6:28:25 PM| 5 Answers
Solve the following equation. x + 6 = x + x 2 6 14 72 User: ...
Weegy: I'm sorry, do you have a question I can help you with today? User: Solve for A. BA + C = D A = D - B - C A ...
10/30/2014 9:06:00 AM| 3 Answers
What is the slope of the line that has the equation 4x + 2y = 12?
Weegy: The slope of the line that has the equation 4x + 2y = 12 is -2. User: What is the y-intercept of the line ...
10/30/2014 6:21:18 PM| 3 Answers
Prior to the Seventeenth Amendment, who chose the members of the US ...
Weegy: Prior to the Seventeenth Amendment, State legislatures chose the members of the US Senate. User: Prior to ...
10/30/2014 7:05:25 AM| 2 Answers
______________ means to enclose something tightly, such as is done ...
Weegy: Embedding means to enclose something tightly, such as is done with stones or tiles, and a filler, when creating ...
10/30/2014 7:30:45 AM| 2 Answers
In a plane, if two lines are perpendicular to the same line, then ...
Weegy: Two lines parallel to the same plane are parallel to each other. TRUE. User: Congruent triangles are any two ...
10/30/2014 8:12:29 AM| 2 Answers
Weegy Stuff
S
L
1
1
1
1
L
1
L
Points 3337 [Total 15712]| Ratings 0| Comments 3337| Invitations 0|Offline
S
L
1
L
P
C
1
P
C
1
L
Points 2232 [Total 11713]| Ratings 6| Comments 2172| Invitations 0|Offline
S
1
L
1
L
P
P
L
Points 1131 [Total 13360]| Ratings 1| Comments 1121| Invitations 0|Offline
S
L
Points 888 [Total 2287]| Ratings 0| Comments 888| Invitations 0|Offline
S
Points 716 [Total 717]| Ratings 7| Comments 646| Invitations 0|Offline
S
1
L
L
Points 567 [Total 6361]| Ratings 3| Comments 537| Invitations 0|Offline
S
Points 506 [Total 506]| Ratings 1| Comments 496| Invitations 0|Offline
S
Points 483 [Total 483]| Ratings 0| Comments 453| Invitations 3|Offline
S
L
Points 79 [Total 1296]| Ratings 1| Comments 69| Invitations 0|Offline
S
1
Points 70 [Total 688]| Ratings 0| Comments 70| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.