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
17,581,662 questions answered
Popular Conversations
Solve the following equation. Then place the correct number in the ...
Weegy: |2x - 5| = 4; -(2x - 5) = 4; -2x + 5 = 4; -2x = 4 - 5; -2x = -1; x = 1/2 - - - (2x - 5) = 4; 2x = 4 + 5; 2x = ...
9/28/2014 5:15:36 PM| 4 Answers
(-5)3
Weegy: -5+2 = -3 User: (-8)2 Weegy: 12 + [-3 + (-8)]= 12+[-11]=1 User: 4(y-5)-7y=-5
9/28/2014 4:27:56 PM| 3 Answers
What is the square root of 6000?
9/29/2014 2:39:45 PM| 3 Answers
A list of potential sources of information for a paper is a(n) ...
Weegy: A list of potential sources of information for a paper in annotated bibliography. User: An index to ...
9/29/2014 2:50:04 PM| 3 Answers
The Greek word “atomos” means ...
9/29/2014 9:56:07 AM| 2 Answers
What is the common difference for the arithmetic sequence? –5, –1, ...
Weegy: A sequence such as 1, 5, 9, 13, 17 or 12, 7, 2, 3, 8, 13, 18 which has a constant difference between terms. ...
9/29/2014 10:13:47 AM| 2 Answers
Change the fraction 93/1,000 to a decimal. A. 0.0093 B. ...
Weegy: The fraction 93/1,000 changed to a decimal is: 0.093 User: Change the fraction 13/20 to a decimal. A. ...
9/29/2014 10:46:08 AM| 2 Answers
how many terms is in 5xy + 2x^2 + -2y + -1y^2?
9/29/2014 12:17:56 PM| 2 Answers
Weegy Stuff
S
R
L
1
1
P
C
1
P
1
1
L
P
C
P
C
1
P
C
L
P
C
1
P
C
P
C
P
C
L
Points 3188 [Total 27586]| Ratings 8| Comments 3108| Invitations 0|Offline
S
L
1
L
P
C
1
Points 2848 [Total 9379]| Ratings 12| Comments 2728| Invitations 0|Offline
S
L
P
C
L
P
C
P
C
L
P
C
P
C
P
C
Points 2659 [Total 19831]| Ratings 12| Comments 2539| Invitations 0|Offline
S
L
C
P
C
1
L
L
P
C
1
Points 2638 [Total 18577]| Ratings 18| Comments 2458| Invitations 0|Offline
S
L
1
1
1
1
L
1
L
Points 2548 [Total 12328]| Ratings 0| Comments 2548| Invitations 0|Offline
S
1
L
1
L
P
P
L
Points 917 [Total 12163]| Ratings 0| Comments 917| Invitations 0|Offline
S
L
P
C
P
C
1
L
P
C
L
P
C
P
C
P
C
P
C
Points 850 [Total 19381]| Ratings 2| Comments 830| Invitations 0|Offline
S
L
Points 709 [Total 1378]| Ratings 0| Comments 709| Invitations 0|Offline
S
1
L
L
Points 629 [Total 5752]| Ratings 4| Comments 589| Invitations 0|Offline
S
P
C
L
P
L
1
Points 138 [Total 6195]| Ratings 2| Comments 118| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.