Money facilitates trade because: Group of answer choices it serves as a medium of exchange. it eliminates the need for specializ

Question

2 years ago

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Money facilitates trade because: Group of answer choices it serves as a medium of exchange. it eliminates the need for specializ

ation. it is considered less valuable than the goods it is used to buy. the division of labor allows goods to be produced at a lower cost. it prevents people from taking advantage of each other.

Business

1 answer:

gogolik [260] · Answer 1 · 2022-10-15T15:03:02+03:00

Answer:

It serves as a medium of exchange.

Explanation:

It serves as a medium of exchange is the correct answer because in the trade money plays an important role and it makes the trading very easy as compared to barter system where a person has to find the other person who is in the need of same commodity through which the other person wants to exchange. Moreover, the use of money as a medium of exchange eliminated all the problems that were in the barter system.