Question

What is the main advantage of using money instead of bartering?

Things that people usually trade have very little value to anyone.

Not all countries use the same types of money in their economies.

Money comes in many different values to pay for goods and services.

People do not have to have a good or a service that another person wants.

Answer 1

[AI-generated answer — Bot GPT 3.5]

The main advantage of using money instead of bartering is that it serves as a universally accepted medium of exchange. Money eliminates the need for a double coincidence of wants, where both parties in a transaction have to mutually desire what the other has to offer. With money, individuals can easily convert the goods or services they possess into a widely accepted form of payment, increasing the efficiency and convenience of transactions.