The fact that using money avoids the double coincidence of wants necessary in a barter economy illustrates which function of money?
A) medium of exchange
B) source of liquidity
C) unit of account
D) store of value
Correct Answer:
Verified
Q1: In a barter system, we would see
A)
Q3: Barter occurs when you exchange
A) money for
Q4: A medium of exchange is
A) an asset
Q5: When you buy a hamburger for lunch,
Q6: Which of the following is NOT considered
Q7: Money .
A) loses its value as it
Q8: The functions of money are
A) medium of
Q9: The direct exchange of goods and services
Q10: The most direct way in which money
Q11: The "double coincidence of wants" problem is
A)
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents