how does the resistance of a single type of accepting money help consumer
The resistance of a single type of accepting money can help consumers in several ways:
1. Convenience: If all businesses accept the same type of money, it makes it easier for consumers to pay for goods and services without having to worry about carrying multiple types of currency.
2. Cost-effective: It helps consumers save money on exchange rates and transaction fees as they don't have to exchange their money for different currency types.
3. Transparency: It reduces the chances of scams and frauds as it is easier to identify counterfeit notes and coins.
4. Efficiency: Accepting a single type of money helps to streamline transactions and minimize delays, leading to better consumer experiences.
Overall, the acceptance of a single type of money ensures that the process of buying and selling goods and services is simpler, faster, and safer for consumers.