Barter is viewed by economists as a less efficient system of exchange. Which of the following is not a benefit of using money instead of bartering?(1 point)

Question

Responses

The price of nearly everything you purchase is listed in terms of dollars.
The price of nearly everything you purchase is listed in terms of dollars.

Money is more valuable as a consumer good than the goods traded in barter.
Money is more valuable as a consumer good than the goods traded in barter.

Money will retain more of its purchasing power over time than many bartered goods.
Money will retain more of its purchasing power over time than many bartered goods.

Money will be accepted by nearly everyone in exchange for goods and services.

Answer 1

The statement that is not a benefit of using money instead of bartering is:

"Money is more valuable as a consumer good than the goods traded in barter."

This statement is misleading because money itself is not necessarily a consumer good in the way that other goods are. The value of money derives from its function as a medium of exchange, a unit of account, and a store of value, rather than its intrinsic consumer value.