The fact that using money avoids the double coincidence of wants necessary in a barter economy illustrates which function of money?
A) source of liquidity
B) store of value
C) unit of account
D) medium of exchange
Correct Answer:
Verified
Q10: The functions of money are
A) medium of
Q11: Barter is
A) another type of money.
B) the
Q12: Which of the following is a primary
Q13: Barter occurs when you exchange
A) goods for
Q14: If an economy has no money, then
Q16: In a barter system, we would see
A)
Q17: Which of the following does NOT describe
Q18: Which function of money refers to the
Q19: The functions of money are
A) medium of
Q20: Which of the following is NOT considered
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