The "double coincidence of wants" problem is
A) always present in all economic systems.
B) created by the use of money.
C) resolved under a system of barter.
D) resolved by the use of money.

Question

Quizplus · Accepted Answer

The "double coincidence of wants" problem refers to the difficulty two traders face when each desires what the other has to offer. This problem is resolved by the use of money, which serves as a medium of exchange that allows individuals to trade with one another without having to find someone with an exact match of wants and needs. Therefore, the best choice is D, as money helps to eliminate the "double coincidence of wants" problem.

The "Double Coincidence of Wants" Problem Is