Which of the following is an advantage of money over barter?

Question

Quizplus · Accepted Answer

Money offers all the advantages listed. It allows for specialization of labor, as people can focus on producing goods and services that they are most efficient at and then use money to exchange for other goods and services they need. Money eliminates the requirement of a double coincidence of wants between the trading parties, meaning people do not need to find someone who wants exactly what they are offering and has exactly what they want to trade. Money can also reduce transactions and storage costs, as it is easier to transport and store than goods and services.

Which of the Following Is an Advantage of Money Over