Which best describes money as a means of payment?

A. To obtain a double coincidence of wants without money is impossible.
B. Money provides an immediate double coincidence of wants.
C. Money requires at least two transactions to obtain the double coincidence of wants.
D. Money makes sure a double coincidence of wants never occurs.

Answer: B

Economics

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On an average, growth in per capita income is associated with a:

A) fall in inequality. B) fall in poverty. C) rise in poverty. D) rise in inequality.

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What is the significance of the concepts "consumer surplus" and "producer surplus"?

What will be an ideal response?

Economics