As a medium of exchange,money
A) eliminates the cumbersome barter system.
B) creates a complicated service structure.
C) makes it harder to trade.
D) is hard to divide.
E) is backed by gold.

Question

Quizplus · Accepted Answer

Bartering can be inefficient-particularly when transactions are complex.Money is a single,divisible,item that can be freely converted to any other good upon agreement between parties.

As a Medium of Exchange,money