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.

---

Definitions:

Evaluate

To assess or determine the value, significance, or condition of something typically in a detailed and systematic way.

Evaluate

The process of examining something to determine its value or worth, often in a careful and systematic way.

Accurate

Characterized by correctness and precision; free from errors or mistakes.

Cent

A monetary unit equal to one hundredth of a dollar or other unit of currency.