Which of the following statements about money are correct?
(1) The use of money reduces the information cost of searching for trading partners.
(2) Money would not exist if there are no banks.
(3) Money still exists if all transactions are settled by electronic transfer (or settled online).
A. (1) and (2) only
B. (1) and (3) only
C. (2) and (3) only
D. (1), (2) and (3)