Double Coincidence of Wants Is Avoided If Money Is Used

question 96

Multiple Choice

Double coincidence of wants is avoided if money is used as a:

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

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Definitions:

Social Status

The position or rank of a person or group within society, often determined by wealth, occupation, or family lineage.

Financially Rich

Describes individuals or entities possessing significant monetary resources, assets, or wealth.

Education Level

The highest degree or level of school completed by an individual, often used as a measure of socio-economic status and predictor of health outcomes.

Biopsychosocial Model

A holistic approach to understanding health and illness by examining biological, psychological, and social factors.