________ avoids the double coincidence of wants.
A) Bartering
B) Mandated trade
C) Government ownership
D) Money
E) Demand

Question

Quizplus · Accepted Answer

Money acts as a medium of exchange and avoids the need for a double coincidence of wants, where two parties in a barter exchange must each desire what the other has to offer. With money, individuals can exchange goods and services for a universally accepted medium of exchange, allowing for greater specialization and exchange in the economy.

________ Avoids the Double Coincidence of Wants