Single Answer MCQ
Q-00015862
How does the introduction of money change economic transactions?
1
Eliminates the need for trade.
2
Makes exchanges more complex.
3
Facilitates easier trade between diverse goods.
4
Reduces the number of goods available for exchange.
Answer and Solution
Answer
C. Facilitates easier trade between diverse goods.
Solution:
The introduction of money facilitates easier trade between diverse goods by serving as an intermediary, allowing for more efficient transactions without needing a direct barter.
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