Question

Which statement correctly describes how the Equitable Labor Exchange worked?

• A. Producers received immediate cash payments for their deposited goods.
• B. Producers exchanged goods directly with each other without any intermediary notes.
• C. Labor notes were only redeemable for goods of the exact same type deposited.
• D. Producers deposited goods and received notes for hours of labor, usable for other goods

Answer 1

Answer:

D. Producers deposited goods and received notes for hours of labor, usable for other goods

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