Money has replaced the need to barter, which is:
A) changing the price of goods in response to inflation.
B) using a medium of exchange to purchase goods and services.
C) directly offering a good or service in exchange for some other good or service you want.
D) comparing different goods to create a standard unit of worth.

Question

Quizplus · Accepted Answer

Money is a medium of exchange that has replaced the need for direct bartering of goods and services. In bartering, individuals would trade directly with one another, offering a good or service in exchange for something they need. Money simplifies this process by acting as a standardized medium of exchange.

Money Has Replaced the Need to Barter, Which Is