The Most Direct Way in Which Money Eliminates the Need

question 557

Multiple Choice

The most direct way in which money eliminates the need for a double coincidence of wants is through its use as a

• A) medium of exchange.
• B) standard of deferred payment.
• C) store of value.
• D) unit of account.

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Definitions:

Primarily Liable

The main or foremost obligation or responsibility to fulfill a debt or legal duty.

Student Loan

A student loan is a type of loan designed to help students pay for post-secondary education and the associated fees, such as tuition, books and supplies, and living expenses.

Administrative Assistant

A person who provides support and assists in the efficient operation of an office or organization through various tasks and coordination.

Home Furnishings

Refers to movable items placed within a living space to make it suitable and comfortable for living or working.