How does the existence of a single type of accepted money help consumers?
A.
It makes it possible to make large purchases.
B.
It makes it easy to make a profit on savings accounts.
C.
It makes it easy to compare the price of goods and services.
D.
It makes it possible for producers to adjust prices down for sales.
C. It makes it easy to compare the price of goods and services.
The correct answer is C. It makes it easy to compare the price of goods and services.
When there is a single type of accepted money, such as a national currency, it creates a standardized unit of value that is widely recognized and accepted by businesses and consumers. This makes it easy for consumers to compare the prices of goods and services across different sellers or locations.
For example, if you want to buy a particular item like a laptop, you can easily compare prices at different stores or websites because they are all quoted in the same currency. You can quickly determine which store is offering the best deal based on the price.
If there were multiple types of money in circulation, it would be much more challenging to compare prices directly. You would need to consider currency exchange rates and potential differences in the value of different types of money. This could create confusion and make it more difficult for consumers to make informed purchasing decisions.
So, by having a single type of accepted money, it simplifies the process of comparing prices and allows consumers to easily determine the best value for their money.
C. It makes it easy to compare the price of goods and services.
The existence of a single type of accepted money helps consumers by making it easy to compare the price of goods and services. With a single currency, consumers can easily determine the cost of a particular item or service and compare it to similar offerings. This allows them to make informed decisions and choose the best value for their money.