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1. exchange labour services for money;

2. You must hand over in exchange a good or service;

3. a double coincidence of wants;

4. spend a lot of time and effort;

5. make mutually satisfactory swaps;

6. a barter economy is wasteful;

7. commodity generally accepted in payment for goods;

8. prices are quoted and accounts are kept;

9. its purchasing power is eroded by inflation;

10. it's usually but not invariably convenient;

11. cut back on other uses;

12. exceeds its cost of production;

13. by collectively agreeing;

14. the survival of token money;

15. society enforces the use of token money;

16. token money is supplemented by IOUmoney;

17. interest-bearing bank accounts

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1. exchange labour services for money;2. You must hand over in exchange a good or service;3. a doubl...

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