Money solves the dilemma of a double coincidence of wants by serving as a
A) medium of exchange.
B) store of value.
C) symbol of value.
D) unit of account.

Question

Quizplus · Accepted Answer

Money serves as a medium of exchange because it facilitates trade by avoiding the need for a double coincidence of wants. With money, individuals can trade without needing to find someone who specifically wants the goods or services they have to offer. Money serves as a means for acquiring other goods or services, making it an easily transferable and universally accepted commodity.

Money Solves the Dilemma of a Double Coincidence of Wants