Question

ethan, abigail, and oliver are stranded on a deserted island with no money. they decide to adopt a system of exchange to distribute resources among themselves. what system are they likely using?
a system of exchange where goods or services are directly exchanged for other goods or services without using a medium of exchange, such as money
a system of exchange where services are exchanged for money
a system of exchange where goods are exchanged for credit
a system of exchange where goods are exchanged for money
question 4
1 pts
hannah, scarlett, and aiden are discussing the role of the federal reserve. hannah thinks its to oversee the stock market, scarlett believes its to manage international trade agreements, and aiden thinks its to provide loans to individuals and businesses. can you tell them who is correct if the purpose of the federal reserve is to regulate the money supply and interest rates to ensure economic stability?
scarlett - to manage international trade agreements
hannah - to oversee the stock market
none of them
aiden - to provide loans to individuals and businesses

Explanation:

First Question (Ethan, Abigail, Oliver's Exchange System)

The group has no money, so they can't use money or credit (which relies on a monetary system). A barter system involves direct exchange of goods/services without money. The other options involve money or credit, which aren't available.

The Federal Reserve's role is to regulate money supply and interest rates for economic stability. Hannah's idea (oversee stock market) is incorrect (SEC oversees stock market). Scarlett's (manage international trade) is incorrect (trade agreements are managed by entities like USTR). Aiden's (provide loans to individuals/businesses) is incorrect (banks do that; Fed provides to banks). So none of their descriptions match the Fed's role.

Answer:

A system of exchange where goods or services are directly exchanged for other goods or services without using a medium of exchange, such as money

Second Question (Role of Federal Reserve)