Money Facilitates Trade Because

question 69

Multiple Choice

Money facilitates trade because:

• A)it eliminates the need for specialization.
• B)it prevents people from taking advantage of each other.
• C)it serves as a medium of exchange.
• D)the division of labor allows money to be produced at a lower cost.
• E)people do not benefit from barter unless money is used.

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Definitions:

Phosphorus

A chemical element (P) that is essential for the formation of DNA, RNA, and ATP, playing a critical role in energy storage and transfer within cells.

Nitrification

A microbial process by which ammonia is converted into nitrate, an important step in the nitrogen cycle.

Ammonium

A positively charged ion (NH4+) formed by the addition of a hydrogen ion to ammonia (NH3).

Nitrates

Salts or esters of nitric acid, containing the NO3- ion, commonly used in fertilizers.