1.
What is a barter system? What are the problems of the barter system? Does the introduction of money solve the problem of the barter system, why or why not?
2.
1) What is adverse selection? Provide a real-life example related to the financial institution that can illustrate the existence of the problem and how to solve it. What is moral hazard? Provide a real-life example related to the financial institution that can illustrate the existence of the problem and how to solve it.
3.
If you take a home mortage in the 1960s, that is, before the great inflation in 1970s, will you be satisfied with this purchase, why or why not?
1. What is a barter system? What are the problems of the barter system? Does the introduction of money solve the proble
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answerhappygod
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