What is the main advantage of using money instead of bartering?
(1 point)
Responses
Things that people usually trade have very little value to anyone.
Things that people usually trade have very little value to anyone.
Not all countries use the same types of money in their economies.
Not all countries use the same types of money in their economies.
Money comes in many different values to pay for goods and services.
Money comes in many different values to pay for goods and services.
People do not have to have a good or a service that another person wants.
1 answer
Money allows for a standardized value of goods and services, making transactions more efficient and eliminating the need for a double coincidence of wants in bartering.
1 answer