All correct in 8 mins 20 seconds, including 4 mins 30 seconds to read
Para 1- what most people think of bartering, bartering has played a role even when robust economies have faltered
Para 2- Barterdollars- how it works?
Para 3- taxation issues
1. According to the author, which of the following is a problem for governments?
(D) Bartering is inherently different from conventional financial transactions.
However, the nature of these transactions has made them harder for governments to track, especially as bartering on the Internet has become more popular. Determining the value of the terms of a barter can also be problematic
2. According to the author of the passage, bartering in the former Soviet Union was
(A) used along with an unusually flexible currency
And after the fall of communism, inflation was so high that individuals and businesses in the former Soviet Union found it safer to trade goods and services directly. (Traditional currency was still used, but the street value of the currency stretched to fit the need of the purchased item: rubles used to buy staples such as food were considered to be of greater value than rubles used to buy luxury items such as fur coats.)
3. According to the author, a seller who receives Barterdollars (BDs)
(C) can apply the credits received to an unrelated transaction
The seller is under no obligation to use the BDs this way, however, and can spend them elsewhere or simply save them as credits for later use.
4. The primary purpose of the passage is to
(B) discuss recent, non-traditional ways in which bartering is used, and to present some of the ramifications of this use
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