One advantage of a money system compared to a barter system is that
A) barter never works.
B) money creates the need for banks.
C) money is more efficient.
D) everyone has money.

Question

Quizplus · Accepted Answer

Money is more efficient because it allows for smoother transactions and easier valuation of goods and services. In a barter system, individuals had to negotiate and trade goods directly, which could be time-consuming and difficult if the two parties didn't have anything of equal value to trade. With money, people can easily buy and sell goods at market value and store value over time.

One Advantage of a Money System Compared to a Barter