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1. The medium of exchange function of money​ eliminates: A. the opportunity cost of holding money. B. ​barter, or...

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Economics

1. The medium of exchange function of money​ eliminates:

A.

the opportunity cost of holding money.

B.

​barter, or the exchange of goods for goods.

C.

the need for chequing accounts.

D.

the need for currency.

2. Barter requires the existence​ of:

A.

the backing of the government.

B.

the double coincidence of wants.

C.

paper currency and coins.

D.

gold or silver.

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4.0 Ratings (661 Votes)
1 B barter or the exchange of goods for goods Explanation The medium of exchange function of money eliminates barter or the exchange of goods for goods The exchange function of money makes it able to eliminate the barter    See Answer
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