Which of the following is most critical for the maintenance of an efficient,productive economy?
A)money backed by gold or silver
B)steadily rising prices
C)an unlimited and unregulated supply of money
D)a properly functioning monetary system
E)a well-organized barter system

Question

Quizplus · Accepted Answer

A properly functioning monetary system is critical for maintaining an efficient, productive economy. It allows for the efficient exchange of goods and services and facilitates economic growth. Money backed by gold or silver (A) is no longer feasible in modern economies, steadily rising prices (B) can lead to inflation and instability, an unlimited and unregulated supply of money (C) can also lead to inflation and economic instability, and a well-organized barter system (E) is inefficient and limited in scope.

Which of the Following Is Most Critical for the Maintenance