Because Money Eliminates the "Double Coincidence of Wants" Problem, the Development

question 198

Multiple Choice

Because money eliminates the "double coincidence of wants" problem, the development of money as a ________ has facilitated the expansion of trade.

• A) unit of account
• B) store of value
• C) medium of exchange
• D) measure of value

---

Definitions:

Test-Retest

To determine the reliability of a measure by testing and retesting it under the same conditions. If the measure is reliable, it will produce similar results each time.

Inter-Item Reliability

A measure of whether the individual questions in a question set are consistent in their results. See also internal reliability.

Semantic Differential-Format

A type of survey question format that uses a scale allowing respondents to rate an object, concept, or event within the range of two bipolar adjectives.

Discrete Variables

Variables that assume a countable number of separate values, often representing categories or distinct groups.