Barter system is less desirable than using money for exchange because:
A)it is a more inefficient and a time-consuming process.
B)gold and silver are risky and inconvenient to transport.
C)it tends to promote inflation.
D)gold and silver are relatively scarcer than other commodities.

Question

Barter system is less desirable than using money for exchange because:
A)​it is a more inefficient and a time-consuming process.
B)​gold and silver are risky and inconvenient to transport.
C)​it tends to promote inflation.
D)​gold and silver are relatively scarcer than other commodities.

Quizplus · Accepted Answer

The barter system involves the exchange of goods or services without the use of money. This process is time-consuming and inefficient as it requires finding someone with the desired goods or services to exchange with. Money helps to facilitate transactions and makes the exchange of goods and services much easier and faster.

Barter System Is Less Desirable Than Using Money for Exchange