34893
AssignmentMultiple Choice

1.4 Economic Systems

Question 34893 • (Galli)WCA 2221 Civics/Economics 1st nine weeks 26-27

Which type of market is the least likely to have an official currency?

Answer
A
closed economy
B
command economy
C
traditional economy
D
mixed market economy

Explanation

A traditional economy relies mainly on customs, subsistence production, and barter rather than a formal system of money. Therefore, it is least likely to have an official currency. The correct choice is traditional economy.

AI-written and checked against the verified answer.

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