Money as a medium of exchange
I. facilitates the exchange of goods.
II. reduces or eliminates the need for barter.

Question

Quizplus · Accepted Answer

Both statements are true. Money as a medium of exchange facilitates the exchange of goods by providing a common value for goods and services, making transactions simpler and more efficient. It also reduces or eliminates the need for barter, where goods and services must be directly exchanged, by providing a universally accepted medium for transactions.

Money as a Medium of Exchange