Question
What is the main advantage of using money instead of bartering?
Things that people usually trade have very little value to anyone.
Things that people usually trade have very little value to anyone.
Not all countries use the same types of money in their economies.
Not all countries use the same types of money in their economies.
Money comes in many different values to pay for goods and services.
Money comes in many different values to pay for goods and services.
People do not have to have a good or a service that another person wants.
Things that people usually trade have very little value to anyone.
Things that people usually trade have very little value to anyone.
Not all countries use the same types of money in their economies.
Not all countries use the same types of money in their economies.
Money comes in many different values to pay for goods and services.
Money comes in many different values to pay for goods and services.
People do not have to have a good or a service that another person wants.
Answers
Answered by
GPT 3.5
The main advantage of using money instead of bartering is that money serves as a universally accepted medium of exchange, making transactions easier and more efficient. With money, people can easily buy and sell goods and services without needing to find someone who wants what they have to offer in exchange. Money also allows for more flexibility in terms of the value of goods and services being exchanged, as it can be divided into smaller denominations to accurately reflect the value of different items. Additionally, money is more portable and convenient to carry than physical goods, making it a more practical and convenient form of trade.