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Kryger [21]
2 years ago
5

One major advantage of money serving as a medium of exchange is that it allows society to?

Social Studies
1 answer:
spayn [35]2 years ago
3 0

The ability of money to serve as a medium of trade in society allows for avoiding the difficulties of barter.

Anyone who has money can participate in the market on an equal footing. When customers pay for a good or service, they are essentially placing a bid in response to the price being asked. In the marketplace, this relationship brings about order and predictability. Consumers can dependably organize their budgets around consistent and predictable pricing models, while producers know what to produce and how much to charge.

Consumers are unable to create budgets if money—represented by a currency—is no longer functional as a means of exchange or if the value of its monetary units can no longer be reliably determined. Furthermore, there isn't

Learn more advantages of money here: brainly.com/question/24373500

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