Which function of money refers to the use of money to solve the problem of a need for a double coincidence of wants?

Question

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The function of money that refers to the use of money to solve the problem of a need for a double coincidence of wants is medium of exchange. Money serves as a universally accepted medium of exchange that eliminates the need for a barter system where two parties have to agree on the specific goods or services to be exchanged. Money serves as a flexible intermediary that can be used by both buyers and sellers to facilitate transactions.

Which Function of Money Refers to the Use of Money