Question

Question

How does money differ from barter?

(1 point)
Responses

Money is mostly important as a way to get goods and services.

Money is mostly important as a way to get goods and services.

Money is used to exchange goods and services.

Money is used to exchange goods and services.

Money has value only because people agree that it has value.

Money has value only because people agree that it has value.

Money has been used for thousands of years.

Answer 1

The key difference between money and barter is that money is used as a medium of exchange to facilitate transactions, while barter involves the direct exchange of goods and services without a standardized intermediary.

In context to your responses, the most relevant points would be:

• "Money is used to exchange goods and services."
• "Money has value only because people agree that it has value."

These highlights illustrate that money serves as a universal medium of exchange and is based on collective agreement on its value, unlike barter, which requires a direct trade of items.

Answer 2

pick one

Answer 3

pick oneee T.T