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.
Correct Answer:
Verified
Q8: Silver is an example of a
A)commodity money.
B)barter
Q9: People hold money as opposed to financial
Q10: In an economy with _,there are more
Q11: India's decision in late 2016 to withdraw
Q12: Fiat money has
A)little to no intrinsic value
Q14: Dollar bills in the modern economy serve
Q15: Which of the following assets is most
Q16: All of the following could be considered
Q17: Soldiers in a World War II prisoner-of-war
Q18: Which of the following information about fiat
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