Which of the Following Is an Advantage of Using Money

question 109

Multiple Choice

Which of the following is an advantage of using money as a medium of exchange?

• A) It simplifies purchases because all prices are specified in money values.
• B) There is no interest charged on using money for purchases.
• C) It is easy to mass produce money.
• D) It avoids having to rely on barter, the exchange of one good or service for another.

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Definitions:

Demographic Transition

The shift in a population from high birth and death rates to low birth and death rates, often associated with industrialization and improved living standards.

Saving

The process of setting aside a portion of income for future use, instead of spending it immediately.

Population Growth Rate

The rate at which the number of individuals in a population increases over a specific period of time, often expressed as a percentage of the initial population.

Developing Versus Countries (DVCs)

Comparisons between countries in terms of economic development, often focusing on differences between developing countries and more industrialized nations.