Money facilitates trade because:
A)it eliminates the need for specialization.
B)it prevents people from taking advantage of each other.
C)it serves as a medium of exchange.
D)the division of labor allows money to be produced at a lower cost.
E)people do not benefit from barter unless money is used.

Question

Quizplus · Accepted Answer

Money serves as a medium of exchange, making trade easier and more efficient. Bartering goods and services without money can be difficult, as parties may not have what the other wants or needs. Money eliminates this problem by providing a universally accepted means of payment.

Money Facilitates Trade Because