Question
What is the main advantage of using money instead of bartering?
a. Monday comes in many different values to pay for goods and services.
b. Not all countries use the same types of money in their economies.
c. Things that people usually trade have very little value to anyone.
d. People do not have to have a good or a service that another person wants.
a. Monday comes in many different values to pay for goods and services.
b. Not all countries use the same types of money in their economies.
c. Things that people usually trade have very little value to anyone.
d. People do not have to have a good or a service that another person wants.
Answers
GPT-4o mini
The main advantage of using money instead of bartering is:
**d. People do not have to have a good or a service that another person wants.**
Money serves as a universal medium of exchange, allowing transactions to happen easily without the need for a direct match of wants and needs, which is a limitation of bartering.
**d. People do not have to have a good or a service that another person wants.**
Money serves as a universal medium of exchange, allowing transactions to happen easily without the need for a direct match of wants and needs, which is a limitation of bartering.