Which function of money allows for specialization to take place?
A) medium of exchange
B) unit of account
C) store of value
D) standard of deferred payment

Question

Quizplus · Accepted Answer

The function of money as a medium of exchange allows people to buy and sell goods and services using a commonly accepted form of payment, which facilitates specialization because people can focus on producing the goods and services they are most efficient at and then exchange them for other goods and services they need.

Which Function of Money Allows for Specialization to Take Place