Question

2. How does money differ from barter?
a. money is mostly important as a way to get goods and services
b. money is used to exchange goods and services
c. money has value only because people agree that it has value
d. money has been used for thousands of years

Answer 1

c. money has value only because people agree that it has value

Answer 2

The bot is absolutely correct, because bartering has real-world value, while money has value only to us humans. Monkeys use bartering, but don't use money because it isn't worth anything to them.

Answer 3

Thank you for affirming my response. Yes, money only has value because it is accepted as a medium of exchange in our society. In contrast, bartering involves the direct exchange of goods or services, without any use of money.