Which of the following are the merits of Modern Forms of Money?

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Helped in the expansion of the economy

Made trade easier

Provides a common measure of value

All of the above

answer is D.

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Detailed Solution

Helping in the expansion of the economy, making trade easier, and providing a common measure of value
are the merits of Modern Forms of Money.
All of the given options are the merits of Modern Forms of Money. Money has helped in the expansion of the economy with people using it for more investments. Money's primary benefit is that it eliminates all the challenges associated with the barter system. It eliminates the double coincidence of wants. Thus, it makes trades and wishes fulfillment easier. It offers a typical metric for value. Thus, it provides a clear understanding of the relative worth of various items. Money is the extremely desirable objective that drives all economic activity.

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