Question

What are the benefits if economic transactions between buyers and sellers are

made in terms of Money?l​

Answer 1

Explanation:

Absence of common measure of value: In a monetary economy, money plays the role of a measure of value of all goods, making it possible to measure the values of goods against each other. This is not possible in a barter economy.

Answer 2

Answer:

According to many theories of macroeconomics, an increase in the supply of money should lower interest rates in the economy. ... In the short run, higher rates of consumption and lending and borrowing can be correlated with an increase in the total output of an economy and spending and, presumably, a country's GDP.

Explanation:

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