Which of the point(s)below is (are)true of money? i)Money eliminated the need for barter.
Ii)Money allowed for specialization of labour and expansion of trade.
Iii)Money allowed for the development of a market economy.
Iv)Money allowed one to save current production for future use.
A)Only i).
B)Only i)and ii).
C)Only i)and iv).
D)Only i),ii),and iv).
E)All of the points are true.

Question

Quizplus · Accepted Answer

Money serves as a medium of exchange, eliminating the need for barter (i), facilitates specialization and trade (ii), supports the development of a market economy (iii), and acts as a store of value, allowing savings for future use (iv).

Which of the Point(s)below Is (Are)true of Money? I)Money Eliminated