Which of the following statements best explains how the use of money in an economy increases economic efficiency?
A)Money increases economic efficiency because it is costless to produce.
B)Money increases economic efficiency because it discourages specialization.
C)Money increases economic efficiency because it decreases transactions costs.
D)Money cannot have an effect on economic efficiency.

Question

Quizplus · Accepted Answer

Money decreases transactions costs by acting as a universally accepted medium of exchange, reducing the need for barter and making trade easier and more efficient.

Which of the Following Statements Best Explains How the Use