The Fact That Using Money Avoids the Double Coincidence of Wants

question 181

Multiple Choice

The fact that using money avoids the double coincidence of wants necessary in a barter economy illustrates which function of money?

• A) medium of exchange
• B) source of liquidity
• C) unit of account
• D) store of value

---

Definitions:

Fee-For-Service System

A payment model where services are unbundled and paid for separately, often used in the healthcare sector.

Preferred Provider Organizations

A managed care organization of medical doctors, hospitals, and other health care providers who have agreed with an insurer or a third-party administrator to provide health care at reduced rates to the insurer's or administrator's clients.

Health Maintenance Organizations

Managed care organizations that provide health insurance coverage to their members through a network of doctors, hospitals, and other healthcare providers.

Reduce Health Care Costs

Initiatives or policies aimed at lowering the expenses associated with medical care.