A Main Function of Money Is to Avoid the Problem

question 146

Multiple Choice

A main function of money is to avoid the problem of double coincidence of wants.This is the

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

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Definitions:

Failure To Perform

The inability or refusal to fulfill a contractual obligation or duty.

Construction Contract

A legally binding agreement between a contractor and client specifying the details of a construction project, including scope of work, timelines, and payment.

Equitable Remedy

A judicial order enforcing a party to act or refrain from acting in a certain way, distinct from awarding damages.

Material And Willful

Refers to an action done intentionally and with a solid understanding of its consequences, often used in legal contexts to describe behavior.