Money eliminates the need for a double coincidence of wants primarily through its use as a
A) unit of account.
B) medium of exchange.
C) store of value.
D) standard of confidence.
E) legal tender.

Question

Quizplus · Accepted Answer

The use of money as a medium of exchange allows individuals to trade goods and services without the need for a double coincidence of wants. This means that individuals can exchange their goods or services for money, which can then be used to purchase goods or services from others. Money serves as a widely accepted and easily traded form of currency, making it an efficient means of facilitating transactions.

Money Eliminates the Need for a Double Coincidence of Wants