The use of money provides a common value that makes buying and selling transacti

Question

The use of money

provides a common value that makes buying and selling transactions simpler as long as there is one currency in use. provides a common value that makes bartering transactions simpler. establishes the value of goods and services. provides a common value that makes buying and selling transactions simpler than would be the case with barter.


Barter requires that you

live in an area where there are people with diverse talents and a market with diverse products. are a member of an established barter network. find a person who has what you want and a person who needs what you have to offer. know the market value of all the goods and services that you want and have to offer.

Consider the statement:

Explanation / Answer

provides a common value that makes buying and selling transactions simpler as long as there is one currency in use.

find a person who has what you want and a person who needs what you have to offer.

the goods and services that money can buy.

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