Double coincidence of wants is avoided if money is used as a:
A)medium of exchange.
B)measure of value.
C)standard of deferred payment.
D)store of value

Question

Quizplus · Accepted Answer

Double coincidence of wants occurs when both traders want to dispose of what they have and obtain what the other trader has. This is rare, and the use of money means this unusual situation is not required.

Double Coincidence of Wants Is Avoided If Money Is Used