In a monetary system, people will exchange a good for
A)another good.
B)a service.
C)money.
D)gold or other precious metals.

Question

Quizplus · Accepted Answer

In a monetary system, people exchange goods and services for money, which is a universally accepted medium of exchange. While people may have historically exchanged goods directly (A), or exchanged goods for services (B), the use of money has largely replaced these practices. Gold and other precious metals (D) have in the past served as a form of currency, but are now generally considered commodities rather than mediums of exchange in the modern monetary system.

In a Monetary System, People Will Exchange a Good for