Multiple choice

Directions: In the question below is given a statement, followed by several conclusions. You have to assume everything in the statement to be true, and then decide which of the conclusions logically follow(s) the information given in the statement.

Statement: Anything can be bought with money. Conclusions:

(I) Money has the purchasing power. (II) A definite value exists for everything. (III) A barter system is non-existent.

  1. Only (II) and (III) follow

  2. Only (I) and (III) follow

  3. Only (I) follows

  4. Only (I) and (II) follow

  5. Only (II) follows
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Conclusion (I) follows since the action of buying needs the back-up of purchasing power.

Conclusion (II) follows since the price of anything must be in tangible form.

Conclusion (III) does not follow since the barter system may or may not be operational concurrently.

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