Money serves as a medium of exchange means that
A) it benefits both buyers and sellers.
B) it reduces transaction costs.
C) it eliminates the need for barter.
D) All of the above are correct.
Correct Answer:
Verified
Q49: The function of money that provides for
Q50: The ability of an asset to hold
Q51: If something serves as a store of
Q52: What characteristic defines something as money?
A) assets
Q53: The requirement for a double coincidence of
Q55: The existence of money in an economy
Q56: When money serves as a store of
Q57: Money serves as a standard of value,
Q58: Money provides a way to transfer wealth
Q59: Camels have been used as money. Which
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