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Money is more flexible than barter. Let us say that you are a farmer, and you have produced a large amount of beans. You want a new piece of furniture. You could find a carpenter and offer him bushels of beans, but he might not even like beans, or even if he does like beans, he probably does not want a quantity of beans that would be equal in value to the piece of furniture that you want. Alternatively, the farmer can sell his beans for money, and he can then buy the furniture for money, and those questions (does the carpenter like beans, and if so, what quantity of beans does he want) will not arise. Everybody accepts money, it is universally useful.
Wiki User
∙ 10y ago
Brandon Wallace
Show how two functions of money facilitate trade
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How does a bank facilitate international trade?
Bank facilitate to international trade through providing Long Term Loans and Financial facilities.
What is trade to trade?
AIDS TO TRADE ARE WHAT HELP TRADE TO WORK THEY ARE THE services required to facilitate trade.services needed bybusinessesto trade
How did the sink road facilitate trade?
It is the Silk Road and they didn't need to facilitate trade because the Europeans were very busy with the trace between Asia and Europe.
Show you how to write a sentence using the word facilitate?
Money can facilitate your success. Facilitate your way around here!
Why do empires establish colonies?
1) to facilitate trade
Importance of AIDS to trade in commerce?
Basically aids to trade facilitate trade. These are means to make trade run smooth. Everything such as banking, warehousing, transportation, communication, advertising etc. are just means to facilitate trade to go smooth.
Why did rush want the states to surrender their power of emitting money?
So that a uniform currency would be produced that would facilitate trade.
What is aid to trade?
AIDS TO TRADE ARE WHAT HELP TRADE TO WORK THEY ARE THE services required to facilitate trade.services needed bybusinessesto trade
How did Mongol empire facilitate world trade?
The Mongols facilitated trade by the use of the silk road
How did the tilingit travel?
To facilitate trade the Tilingit traveled in boats.
Which group established good relations with the Indians in order to facilitate trade?
The Spanish
Which of these was NOT a component of the Marshall Plan?
the creation of a unified European currency to facilitate trade
