Fill in the blanks to complete the passage about the usefulness of money. in a - - based economy, transactions require that each party have something the other desires. - increases market - by serving as a common commodity everyone wants. now a transaction requires only that the - have something the - desires and that the buyer have enough money to pay the seller's asking price.

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Business

Derick Mckinney

9 November, 02:12

Fill in the blanks to complete the passage about the usefulness of money. in a - - based economy, transactions require that each party have something the other desires. - increases market - by serving as a common commodity everyone wants. now a transaction requires only that the - have something the - desires and that the buyer have enough money to pay the seller's asking price.

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Jaden Cortez · Answer 1

In a barter-based economy, transactions require that each party have something the other desires. Money increases market efficiency by serving as a common commodity everyone wants. now a transaction requires only that the seller have something the buyer desires and that the buyer have enough money to pay the seller's asking price.

A barter economy refers to a cashless financial framework in which goods and products are exchanged at arranged rates. Barter-based economies are one of the most earliest, originating before fiscal frameworks and even written history. Individuals can effectively utilize barter in numerous fields. Casually, individuals regularly take part in barter and other corresponding frameworks without extremely consistently pondering.