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Which of these scenarios involves commodity money?

A girl writes a check to her friend for a stack of valuable comic books.

A boy starts a lemonade stand and sells each drink for twenty-five cents.

A woman offers her neighbor a US silver dollar in exchange for a bicycle.

A man buys some T-shirts and pays with a US fifty-dollar bill.

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What is one problem that might commonly occur when one is bartering?

Someone wants to trade a valuable item for a less valuable one.

Two people have different ideas about the value of an item.

Someone wants to barter a good in exchange for a service.

Two people want to trade items of equal or nearly equal value.

Exchange rates can indicate economic health by

showing exactly how much of each nation’s currency is liquid.

revealing how much of each nation’s income goes to savings.

showing the relative strength of different nations’ currencies.

examining spending patterns across nations and continents.

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