Which of the following is one of the most important benefits of money in an economy?
A) Money allows for the exchange of goods and services.
B) Money allows for the accumulation of wealth.
C) Money makes exchange easier, leading to more specialization and higher productivity.
D) Money encourages people to produce all of their own goods (self-sufficiency) and therefore increases economic stability.
E) Money allows higher levels of government intervention in the economy.
Correct Answer:
Verified
Q13: In an economy with _, there are
Q14: The major shortcoming of a barter economy
Q15: Silver is an example of a
A)commodity money.
B)barter
Q16: Commodity money
A)has value independent of its use
Q17: Soldiers in a World War II prisoner-of-war
Q19: Which of the following statements regarding the
Q20: Which of the following information about fiat
Q21: Which of the following is the most
Q23: A farm worker gets paid today in
Q58: Money will fail to serve as a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents