Money Eliminates the Need for a Double Coincidence of Wants

question 26

Multiple Choice

Money eliminates the need for a double coincidence of wants primarily through its use as a

• A) unit of account.
• B) medium of exchange.
• C) store of value.
• D) standard of confidence.
• E) legal tender.

---

Definitions:

Professional Management

The oversight of investment portfolios by specialists who make decisions about asset selection and allocation, aiming to achieve specific financial goals.

Net Asset Value

The total value of a fund's assets minus its liabilities, often used in the context of mutual funds to represent the per-share/unit value of the fund.

Assessment Value

The dollar value assigned to a property for purposes of measuring applicable taxes or insurance premiums.

Investment Company

A business structure, such as a corporation or trust, dedicated to managing the combined investments of various investors in financial markets.