Money eliminates the need for

Question

Quizplus · Accepted Answer

Money eliminates the need for people to have a double coincidence of wants, which means that two people who want to trade goods or services must have what the other person wants in order to complete the trade. Money enables individuals to use a universally recognized medium of exchange, reducing the need for direct bartering and increasing specialization in the economy. Money does not eliminate the need for government, the market system, or specialization.

Money Eliminates the Need for