Using Money as a ________ Avoids the Problem of the Double

question 51

Multiple Choice

Using money as a ________ avoids the problem of the double coincidence of wants.

• A) medium of exchange
• B) measure of value
• C) standard of deferred payment
• D) store of value
• E) tool of monetary policy

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Definitions:

Caribbean Area

The Caribbean Area is a region consisting of the Caribbean Sea, its islands, and the surrounding coasts, known for its distinct culture, biodiversity, and historical significance.

Slave Trade

The historical trading of enslaved humans, particularly from Africa to the Americas, as part of a triangular trading system involving manufactured goods, slaves, and agricultural products.

Barbados

An island country in the Lesser Antilles of the West Indies, in the Caribbean region of North America, known for its rich history and vibrant culture.

Molasses

A thick, dark syrup produced during the refining of sugar cane or sugar beets into sugar.