How does money differ from barter?

Question

(1 point)
O Money is mostly important as a way to get goods and services.
O Money is used to exchange goods and services.
O
Money has value only because people agree that it has value.
O
Money has been used for thousands of years.

Answer 1

The correct answer is: O Money has value only because people agree that it has value.

This statement highlights a key difference between money and barter. In a barter system, goods and services are exchanged directly without a common medium of exchange, whereas the value of money is derived from a collective agreement among people.