What is the main advantage of using money instead of bartering?

Answer 1

The main advantage of using money instead of bartering is that money serves as a universal medium of exchange that greatly simplifies trade transactions. Money eliminates the need for individuals to find direct matches of needs and wants in order to trade goods and services, making transactions more efficient and convenient. Additionally, money allows for greater specialization and division of labor, leading to increased productivity and economic growth. Money also enables individuals to easily save, store, and accumulate wealth, providing stability and security in the economy.