Part 4 - Putting It All Together- Answer the following questions. 26. Explain why the barter system has high transaction costs compared to the money system. 27. Identify two examples of commodity...

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Extracted text: Part 4 - Putting It All Together- Answer the following questions. 26. Explain why the barter system has high transaction costs compared to the money system. 27. Identify two examples of commodity money. 28. The U.S. dollar is an example of fiat money. What is fiat money? 29. Why can fiat money be successfully used as a currency despite the fact that it has no intrinsic value backing it up? OCopyright Jacob Clifford 2020. www.ACDCecon.com Annual license required. Do not use unless you have purchased a license Video Help: https://goo.gl/7GEU5C MacBook Air DII DD F10 F9 F8 F6 F7 F5