how does the existence of a single type of accepted money help consumers?

Question

a. it makes it possible to make large purchases
b. it makes it easy to profit on savings accounts
c. it makes it easy to compare the price of goods and services

Answer 1

The existence of a single type of accepted money helps consumers primarily in that:

c. it makes it easy to compare the price of goods and services.

When there is a single type of accepted money, it simplifies transactions and allows consumers to easily understand and compare prices for different goods and services. This uniformity removes the complexity associated with multiple currencies or forms of money, making it straightforward to evaluate value and make purchasing decisions.