Ask Question
BusinessBusiness
21 June, 19:44

The primary benefit of a monetary system of exchange compared to a barter system is the increased

a. ability to record transactions. b. time necessary to find trading partners. c. time devoted to shopping. d. efficiency in arranging transactions.

+4
Answers (2)
  1. 21 June, 20:33
    0
    d. efficiency in arranging transactions.

    Explanation:

    The primary goal of the monetary system to that of the barter system is that it's more efficient in maintaining the transparency and is efficient in the transactions with its partners. Thus is better and is more reliable than the old system of exchange.
  2. 21 June, 22:48
    0
    D. Efficiency in arranging transactions.

    Explanation:

    in a barter system, it is difficult to determine how much something would cost. If I am raising corn and you are raising cabbage, how much corn equals one head of cabbage? It is difficult to come to fair trade terms. With a monetary system, it is much easier to set a price and make a trade because everyone is using a common trading instrument.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The primary benefit of a monetary system of exchange compared to a barter system is the increased a. ability to record transactions. b. ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
The value of a car produced and sold in 2000 and sold again to a second owner in 2008 would be included in GDP for: a. either 2000 or 2008, but not both. b. 2008 only. c. both 2000 and 2008. d. 2000 only.
Answers (1)
Rough Hewn Lumber Company orally contracts with Joe for the purchase of five acres of Joe's timberland. Joe makes the transfer but Rough Hewn does not pay the price. The lack of a written contract could bar enforcement of this deal.
Answers (1)
What is the customary APR on purchases after the initial 12 months?
Answers (1)
A channel of distribution: A. is any series of firms or individuals who participate in the flow of goods and services from producer to consumer or final user. B. is only needed when products must be stored. C. must include one or more intermediaries.
Answers (1)
True or False? An environmental office is one that is concerned with managing resources so these resources do not negatively affect the environment.
Answers (2)
New Questions in Business
Soles is a footwear company which has recently set up its store in Ambrosia. To manufacture its products, Soles incurs a range of different costs. Which of the following would be an example of an indirect cost? a. Salary paid to factory workersb.
Answers (1)
The Nolan Corporation finds it is necessary to determine its marginal cost of capital. Nolan's current capital structure calls for 30 percent debt, 20 percent preferred stock, and 50 percent common equity.
Answers (1)
Gaston owns equipment that cost $17,000 with accumulated depreciation of $3,400. Gaston sells the equipment for $12,200.
Answers (1)
If the supply of loanable funds exceeds the demand then borrowers will bid up the interst rate. True / False.
Answers (1)
The scientific method begins with A. the development of a formal hypothesis. B. the gathering of information. C. the identification of a problem for investigation. D. methodical observation of a phenomenon of interest.
Answers (1)
Home » Business » The primary benefit of a monetary system of exchange compared to a barter system is the increased a. ability to record transactions. b. time necessary to find trading partners. c. time devoted to shopping. d. efficiency in arranging transactions.
Sign Up Forgot Password?