The term "double coincidence of wants"
A) means that people are trying to purchase the same thing.
B) is a situation where runaway prices are the result of printing too much money.
C) describes a barter situation where individuals agree to trade commodities in amounts satisfactory to both parties.
D) means that people with the same commodities agree to trade among themselves.
Correct Answer:
Verified
Q46: Statement I: Our money supply is backed
Q47: Use of money as a medium of
Q48: Statement I: Large denomination CDs are not
Q49: Paper money in the United States is
Q50: The most narrow definition of the money
Q52: Money performs its job as a standard
Q53: It is generally agreed that when the
Q54: The precautionary demand for money arises
A)because people
Q55: Which is NOT considered money?
A)Checking account balances
B)Traveler's
Q56: The opportunity cost of holding money
A)is zero
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