The use of money as a medium of exchange requires a double coincidence of want.

Name: The use of money as a medium of exchange requires a double coincidence of want.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The statement is false. The use of money as a medium of exchange eliminates the need for a double coincidence of want. Instead of requiring direct barter between two individuals who both have something the other wants, money can be exchanged for goods or services and then used to purchase other goods or services.

The Use of Money as a Medium of Exchange Requires