The Use of Money Is More Efficient Than Barter Because

question 45

Multiple Choice

The use of money is more efficient than barter because the introduction of money

• A)reduces the need for economic specialization.
• B)reduces the need to exchange goods.
• C)reduces the need for other stores of value.
• D)reduces transaction costs.

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Definitions:

Bond Financing

A method of raising capital through the issuance of bonds which are to be repaid at a specified maturity date along with periodic interest payments.