Money eliminates the need for:
A) a search for a double coincidence of wants.
B) government regulation.
C) specialization of labor.
D) financial Intermediaries.

Question

Quizplus · Accepted Answer

Money serves as a medium of exchange, which means it eliminates the need for a search for a double coincidence of wants where two parties have goods or services that the other needs or wants. With money, goods or services can be exchanged for money instead of directly traded for other goods or services. Money does not eliminate the need for government regulation, specialization of labor, or financial intermediaries.

Money Eliminates the Need For