The fact that using money avoids the double coincidence of wants necessary in a barter economy illustrates which function of money?

Name: The fact that using money avoids the double coincidence of wants necessary in a barter economy illustrates which function of money?
Brand: Quizplus
Rating: 4.8 (57 reviews)

Question

Quizplus · Accepted Answer

Money as a medium of exchange allows transactions to occur without the need for a direct exchange of goods or services, thus eliminating the double coincidence of wants required in barter systems.

The Fact That Using Money Avoids the Double Coincidence of Wants