what is the correct answer? Using money as a medium of exchange is more efficient than barter becauseO A. goods and services cannot be used as a unit of account.O B. money dominates all goods and services as a store of value.O C. barter requires a double coincidence of wants.O D. money is the only asset that can be used as a store of value.Click to select your answer

Introduction of money helps to overcome the defects of barter system.

Answered: Using money as a medium of exchange is…

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Using money as a medium of exchange is more efficient than barter because

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter9: Classical Macroeconomics And The Self Regulating Economy

Section9.1: The Classical View

Problem 1ST

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what is the correct answer?

Using money as a medium of exchange is more efficient than barter because
O A. goods and services cannot be used as a unit of account.
O B. money dominates all goods and services as a store of value.
O C. barter requires a double coincidence of wants.
O D. money is the only asset that can be used as a store of value.
Click to select your answer

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