Money solves the "double coincidence of wants" problem since it acts as a
A) medium of exchange.
B) unit of account.
C) store of value.
D) all of the above.

Name: Money solves the "double coincidence of wants" problem since it acts as a A) medium of exchange. B) unit of account. C) store of value. D) all of the above.
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Question

Quizplus · Accepted Answer

Money acts as a medium of exchange by solving the "double coincidence of wants" problem, which occurs in barter systems when two parties each desire what the other has to offer.

Money Solves the "Double Coincidence of Wants" Problem Since It