Money's function as a medium of exchange is important because:
A) if there were no money, there would be no common unit of account.
B) if there were no money, society's wealth would be zero.
C) it eliminates the need for inefficient barter.
D) if there were no money, exchanges would be impossible.

Question

Quizplus · Accepted Answer

The Answer of Money's function as a medium of exchange is important because:
A) if there were no money, there would be no common unit of account.
B) if there were no money, society's wealth would be zero.
C) it eliminates the need for inefficient barter.
D) if there were no money, exchanges would be impossible.

Money's Function as a Medium of Exchange Is Important Because