The Use of Money in an Economy Does Which of the Following

question 38

Multiple Choice

The use of money in an economy does which of the following?

• A)creates the necessity for a double coincidence of wants
• B)solves the problem of inflation
• C)creates a problem of trading a portion of indivisible commodities such as a ship
• D)promote specialization and the division of labour
• E)promotes the use of barter

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Definitions:

Profit Center

A division or segment of a company that is directly responsible for generating its own revenues and profits, often evaluated on its individual financial performance.

Investment Center

A segment or area of a business responsible for generating revenue as well as controlling its own costs and investments.

Balanced Scorecard

A performance evaluation approach that incorporates multiple performance dimensions by combining financial and nonfinancial measures.

Nonfinancial Measures

Performance indicators not based on financial data, often used to assess aspects like customer satisfaction, employee turnover, or production quality.