Which of the following is most critical for the maintenance of an efficient, productive economy?

Question

Quizplus · Accepted Answer

A functioning monetary system is critical for the maintenance of an efficient, productive economy because it allows for efficient exchange of goods and services, facilitates investments and savings, and provides a means of measuring economic activity. Option A, gold or silver backing, is not as relevant in modern economies where currency is not necessarily tied to a physical commodity. Option B, unlimited and unregulated money supply, can lead to inflation and economic instability. Option D, bartering, is difficult to scale and can be inefficient compared to a monetary system.

Which of the Following Is Most Critical for the Maintenance