Money functions as a medium of exchange by eliminating the need for a coincidence of wants.

Name: Money functions as a medium of exchange by eliminating the need for a coincidence of wants.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Money is universally accepted as a medium of exchange, which means it can be used to buy goods and services without the need for a coincidence of wants. For example, if you have money, you can buy groceries even if the grocery store doesn't need the goods or services you have to offer in exchange.

Money Functions as a Medium of Exchange by Eliminating the Need