Question

All but the most primitive societies use money as a medium of exchange, implying that

A) the use of money is economically efficient.
B) barter exchange is economically efficient.
C) barter exchange cannot work outside the family.
D) inflation is not a concern.

Answer 1

Money serves as a medium of exchange, a measure of value, and a store of value, making trade more efficient in modern advanced economies.

Step-by-step explanation:

Money is what people regularly use when purchasing or selling goods and services. It serves as a medium of exchange, a measure of value, and a store of value. Barter exchange, where goods or services are directly traded, is inefficient because it requires a double coincidence of wants. Money, on the other hand, simplifies and facilitates trade in modern advanced economies.