An advantage of the medium of exchange function of money is that it

Question

Quizplus · Accepted Answer

The medium of exchange function of money facilitates trade by providing a commonly accepted means of payment. It minimizes the difficulties in exchanging goods and services as the seller doesn't have to look for someone who wants to buy his specific goods or services and then agree on a mutually beneficial exchange. Instead, he can accept money in exchange for the goods or services he sells and can use that money to buy what he needs from someone else.

An Advantage of the Medium of Exchange Function of Money