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

Question

Quizplus · Accepted Answer

The double coincidence of wants problem is resolved by the use of money. Money acts as a medium of exchange, allowing individuals to exchange goods and services without having to find someone who wants exactly what they have and has exactly what they want.

The ʺDouble Coincidence of Wantsʺ Problem Is