In performing which of its primary functions does money solve the problem of the double coincidence of wants?
A)barter system
B)store of value
C)unit of account
D)money supply
E)medium of exchange

Question

Quizplus · Accepted Answer

Money as a medium of exchange eliminates the need for a double coincidence of wants, which is a requirement in a barter system where each party must have what the other wants.

In Performing Which of Its Primary Functions Does Money Solve