Single Answer MCQ
Q-00015852
What is one major advantage of using money over barter?
1
It always holds intrinsic value.
2
It simplifies transactions by eliminating the need for matching wants.
3
It can be used to measure time.
4
It is accepted universally without exceptions.
Answer and Solution
Answer
B. It simplifies transactions by eliminating the need for matching wants.
Solution:
The major advantage of using money is that it simplifies transactions by eliminating the need for a double coincidence of wants, making trade more efficient.
Watch Video Solution