All but the most primitive societies use money as a medium of exchange,implying that
A)the use of money is economically efficient.
B)barter exchange is economically efficient.
C)barter exchange cannot work outside the family.
D)inflation is not a concern.

Question

Quizplus · Accepted Answer

The fact that almost all societies use money as a medium of exchange implies that it is economically efficient. Money makes transactions faster, easier, and more standardized compared to bartering, which can be cumbersome and time-consuming. Money also acts as a store of value and a unit of account, both of which are necessary for economic exchanges.

All but the Most Primitive Societies Use Money as a Medium