Note AcademyNote Academy
Start

Economics (AS & A Level) · Feb / March 2022 · Paper 12 · Question 3

9708Money and banking

Which function of money overcomes the double coincidence of wants problem that exists in a barter system?

  1. Amedium of exchange
  2. Bstandard of deferred payment
  3. Cstore of value
  4. Dunit of account

As printed in the paper

Show the answer

Correct answer: A. medium of exchange

Sit this whole paper →More on Money and banking

Make a free account to save your answers and see your weak topics and ask the AI why a wrong answer is wrong.