Ask Question
BusinessBusiness
28 November, 09:17

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. 28 November, 10:00
    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.
  2. 28 November, 11:25
    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.
Know the Answer?
Not Sure About the Answer?
Get 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 there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Harvestons asserted that narnia's service was invalid, in part, because "the return of service states that process was delivered to 'joann kocerek'" and did not show that she "had the authority to accept process on behalf of harvestons or the texas
Answers (1)
Shelly just completed her Master's in Business Administration. She was at the top of her class. Shelly was offered a job in lots of leading firms in the city, but she decided to follow her love of sports and apply for a position with her local
Answers (1)
Give an example of three common ceremonies
Answers (1)
If a u. s. importer can purchase 10,000 british pounds for $20,000, the rate of exchange is:
Answers (1)
Every demand curve must eventually hit the quantity axis because with limited incomes, there is always a price so high that there is no demand for the good. do you agree or disagree? why?
Answers (1)
New Questions in Business
On July 1, 2013, Farm Fresh Industries purchased a specialized delivery truck for $126,000. At the time, Farm Fresh estimated the truck to have a useful life of eight years and a residual value of $30,000.
Answers (2)
Based on this which component of the sarcomere is actually being moved when the sarcomere contracts and relaxes
Answers (1)
Which of the following is the best example of direct-response print advertising? a. An advertorial A mailing from a travel agency that asks you to explain why your spouse deserves a dream vacation b. The opening Web page for ebates c.
Answers (1)
QS 9-5 Allowance method for bad debts LO P2 Gomez Corp. uses the allowance method to account for uncollectibles. On January 31, it wrote off an $2,000 account of a customer, C. Green. On March 9, it receives a $1,500 payment from Green. 1.
Answers (1)
More and more companies are increasing their interactive marketing budgets. most of this investment will be made in:
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?