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State two advantages of the use of money over barter as a medium of exchange.

      

State two advantages of the use of money over barter as a medium of exchange.

  

Answers


Kavungya
(i) Money is lighter to transport than goods
(ii) Money is easily divisible into smaller units than the actual goods
(iii) Money is convertible into electronic devices for payment unlike
goods
(iv) In barter trade, one cannot determine the actual value of the goods
transacted
(v) Money can be stored in a longer period
Kavungya answered the question on July 2, 2019 at 07:15


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