The market in which loans are bought and sold is called the: loan market. money
ID: 1202375 • Letter: T
Question
The market in which loans are bought and sold is called the:
loan market.
money market.
secondary loan market.
primary loan market.
Which of the following is omitted in a barter transaction?
trade
medium of exchange
store of value
money
If Bill performs plumbing upgrades for Alice in exchange for her incorporating his business, then their _________________________ will be satisfied.
balance of trade
double coincidence of wants
convenience of exchange
division of labor
loan market.
money market.
secondary loan market.
primary loan market.
Explanation / Answer
1. secondary loan market
It is a market where primary dealers buy or sell loans.
2. money
Barter system is the exchange of goods and services without the use of money.
3. division of labor
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