What is the main advantage of using money instead of bartering?

Question

(1 point)
Responses

Things that people usually trade have very little value to anyone.

Things that people usually trade have very little value to anyone.

Not all countries use the same types of money in their economies.

Not all countries use the same types of money in their economies.

Money comes in many different values to pay for goods and services.

Money comes in many different values to pay for goods and services.

People do not have to have a good or a service that another person wants.

Answer 1

People do not have to have a good or a service that another person wants.

Answer 2

What is it called when prices rise at a high rate?

(1 point)
Responses

interest rate

interest rate

net export

net export

inflation

inflation

taxes

Answer 3

inflation

Answer 4

Rohan has $100.00 that he wants to save in a bank. Bank A offers two types of savings accounts. One has a 5% simple interest rate, and the other has a 4.8% compound interest rate. Bank B also offers two types of savings accounts. One has a 3% simple interest rate, and the other has a 4% compound interest rate.

Question
Use the passage to answer the question.

Which account should Rohan choose in order to earn the most interest after leaving the account open for 5 years?

(1 point)
Responses

Bank A simple interest account

Bank A simple interest account

Bank A compound interest account

Bank A compound interest account

Bank B simple interest account

Bank B simple interest account

Bank B compound interest account

Answer 5

Bank A compound interest account