The "Double Coincidence of Wants" Is

question 52

Multiple Choice

The "double coincidence of wants" is

• A)how value is stored when we transact with money.
• B)eliminated when we barter instead of using money.
• C)what is needed to use money.
• D)money's role as a unit of account.
• E)eliminated with the use of money.

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Definitions:

Conscientiousness

A personality trait characterized by organization, dependability, and discipline.

Neuroticism

A personality trait involving a long-term tendency to be in a negative emotional state, such as anxiety, depression, and emotional instability.

Big Five Trait Dimension

A psychological framework that characterizes human personality using five wide-ranging dimensions: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Neuroticism

A personality trait characterized by a tendency towards anxiety, moodiness, worry, and jealousy.