The "Double Coincidence of Wants" Is

question 171

Multiple Choice

The "double coincidence of wants" is

• A)what is needed to use money.
• B)eliminated with the use of money.
• C)eliminated when we barter instead of using money.
• D)how value is stored when we transact with money.
• E)money's role as a unit of account.

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Definitions:

Joints

Joints are the locations where two or more bones meet, allowing for movement and flexibility.

Organ of Corti

A structure located on the basilar membrane in the cochlea of the inner ear, responsible for detecting sound vibrations.

Cochlea

The inner ear; the bony tube that contains the basilar membrane and the organ of Corti.

Milligram

A unit of mass equal to one thousandth of a gram, often used to measure medication or chemical substances.