Money can:
A) remove a problem of increasing wants.
B) create a problem of coincidence of wants.
C) remove the problem of coincidence of wants.
D) create a problem of reducing wants.

Question

Quizplus · Accepted Answer

Money acts as a medium of exchange and removes the problem of coincidence of wants which arises in a barter system where goods and services have to be exchanged for other goods and services. With money, people can buy what they need without worrying about whether the other person wants what they have to offer.

Money Can