Which of the following is an advantage of money over barter?

A) Permits more specialization of labor
B) Does not require a double coincidence of wants
C) Reduces transactions and storage costs
D) All of the choices are advantages of money.

Double Coincidence of Wants

A situation in barter economies where two parties each hold an item the other wants, allowing them to exchange goods directly.

Specialization of Labor

A process in which individuals or groups of workers concentrate on specific tasks, aimed at increasing efficiency and output.

Transactions Costs

Expenses incurred when buying or selling goods and services, including costs beyond the price of the product, such as time, effort, and fees.