The Need for a Double Coincidence of Wants Is Necessary

question 104

Multiple Choice

The need for a double coincidence of wants is necessary:

• A)to use money.
• B)for barter exchanges.
• C)anytime credit cards or debit cards are used.
• D)to increase the number of exchanges taking place.

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Definitions:

Bond Quoted

The price or interest rate at which a bond is currently being sold or bought in the market.

Dollar Amount

A numerical monetary value denoted in the currency of the United States.

Interest Earned

The total amount of interest received by a person or entity on investments over a specific period of time.

Convertible Bonds

Bonds issued by a company that can be exchanged by the holder for a predetermined number of the company's shares.