Which statement is true?

A) One of the functions of money is that it serves as a receipt for gold.
B) The most important function of money is that it serves as a medium of exchange.
C) Barter requires specialization.
D) None of the statements are true.

Medium Of Exchange

An intermediary instrument used to facilitate the sale, purchase, or trade of goods between parties, commonly accepted in the form of money.

Barter

The exchange of goods and services between parties without the use of money as a medium of exchange.