Which of the point(s)below is (are)true of money?
1)Money eliminated the need for barter.
2)Money allowed for specialization of labour and expansion of trade.
3)Money facilitated the development of a market economy.
4)Trade did not take place before the introduction of money.
A)only 1.
B)only 1 and 2
C)Only 1 and 4
D)Only 1,2,and 3.
E)All of the points are true.

Question

Quizplus · Accepted Answer

Money eliminated the need for barter, allowed for specialization of labor and expansion of trade, and facilitated the development of a market economy. However, trade did take place before the introduction of money through barter systems.

Which of the Point(s)below Is (Are)true of Money