Which function of money refers to the use of money to solve the problem of a need for a double coincidence of wants?
A) unit of account
B) store of value
C) medium of exchange
D) none of the above

Question

Quizplus · Accepted Answer

The function of money that refers to the use of money to solve the problem of a need for a double coincidence of wants is the medium of exchange. Money serves as a medium of exchange as it can be used to buy goods and services without the need for a direct exchange of one good for another. This function of money makes transactions easier and more efficient, saving time and effort for individuals involved in the exchange.

Which Function of Money Refers to the Use of Money