Question

1. which of the following are advantages of using money instead of barter? limits types of goods to trade requires trading goods directly easier to carry and store value eliminates need for double coincidence of wants

Explanation:

• Easier to carry and store value: Money is generally more convenient to carry and store compared to bartering goods, which can be bulky or perishable.
• Eliminates need for double coincidence of wants: In bartering, both parties must want what the other has. Money allows for more flexible transactions as it is a widely accepted medium of exchange.

Answer:

C. Easier to carry and store value, D. Eliminates need for double coincidence of wants