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Which of the Point(s)below Is (Are)true of Money

Question 20

Multiple Choice

Which of the point(s) below is (are) true of money?
1) Money eliminated the need for barter.
2) Money allowed for specialization of labour and expansion of trade.
3) Money facilitated the development of a market economy.
4) Trade did not take place before the introduction of money.


A) only 1.
B) only 1 and 2
C) Only 1 and 4
D) Only 1,2,and 3.
E) All of the points are true.

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