One Advantage of a Money System Compared to a Barter

question 196

Multiple Choice

One advantage of a money system compared to a barter system is that

• A) barter never works.
• B) money creates the need for banks.
• C) money is more efficient.
• D) everyone has money.

---

Definitions:

Utility

The total satisfaction or benefit derived from consuming a good or service.

Voltage

An electrical measurement that represents the difference in electric potential energy between two points in a circuit.

Hedonic-Utilitarian

A dichotomy in consumer behavior contrasting pleasure-seeking motives (hedonic) with functional or practical motives (utilitarian) in decision making.

Approach-Avoidance

A psychological conflict that occurs when a goal is both desirable and undesirable at the same time.