Which of the following is one of the most important benefits of money in an economy? - 3573

Solution Posted by
UoPExpert

UoPExpert

Rating : (2)F
Solution Detail
Price: $1.30
  • From: ,
  • Posted on: Mon 26 Mar, 2012
  • Request id: None
  • Purchased: 0 time(s)
  • Average Rating: No rating
Request Description

 Which of the following is one of the most important benefits of money in an economy?

A.   Money allows for the exchange of goods and services. B.   Money encourages people to produce all of their own goods (self-sufficiency) and therefore increases economic stability.

C.   Money allows for the accumulation of wealth. D.   Money makes exchange easier, leading to more specialization and higher productivity.

 
Solution Description

Which of the following is one of the most important benefits of money in an economy?