Money
A)is more efficient than barter.
B)makes trades easier.
C)allows greater specialization.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

Money is more efficient than barter because it eliminates the need for a coincidence of wants. It makes trades easier because it is a commonly accepted medium of exchange. Money also allows for greater specialization because individuals and businesses can specialize in producing goods and services that they are most efficient at, and use the money they earn to purchase the goods and services they need from others.