Money solves the problem of double coincidence of wants that would regularly occur under a system of credit.

Name: Money solves the problem of double coincidence of wants that would regularly occur under a system of credit.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Money solves the problem of double coincidence of wants that occurs in barter systems, not credit systems. In a barter system, two parties must have what the other wants to make an exchange. Money eliminates this issue by providing a common medium of exchange.

Money Solves the Problem of Double Coincidence of Wants That