contestada

What advantages does money have over bartered goods? Check all that apply.
Money is easy to earn, and bartering takes a lot of work.
Money has a set value, and bartered goods do not.
Money is more portable than bartered goods.
Money is always worth more than bartered goods.
Money allows people to easily store value they earn.

Respuesta :

Answer

Money has a set value, and bartered goods do not.

Money is more portable than bartered goods.

Money allows people to easily store value they earn.

The advantages of money over bartered goods are:

  1. Money has a set value, and bartered goods do not.
  2. Money is more portable than bartered goods.
  3. Money allows people to easily store value they earn.

Money is anything that is accepted by the people in an economy as a means of payment for products and can be used to repay debt.

Trade by barter is the exchange of a good with another good as a means of payment. For example, if a person wants a pair of jeans but does not have one but has apples. Another person has jeans but wants apple. These two individuals can exchange jeans with apple. The jeans and apples exchange are bartered goods.

Issues with trade by Barter

  1. Double coincidence of want: one has to find a person who has what they need and who needs what they have. This problems is solved with the use of money.
  2. Perishability of goods: goods used to barter cannot be stored for long because they can spoil overtime.
  3. Some bartered goods are not portable.  
  4. It is difficult to determine the appropriate value of bartered goods.

To learn more about trade by barter, please check: https://brainly.com/question/21851512?referrer=searchResults

Otras preguntas