The essential problem that money solves in an economy is: a. a lack of a double coincidence of wants in an economy based on barter. b. it serves as a common acceptable medium of exchange for trade. c. it is backed by a gold standard that protects against inflation over the long-term. d. both A and B.
+5
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The essential problem that money solves in an economy is: a. a lack of a double coincidence of wants in an economy based on barter. b. it ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Home » Business » The essential problem that money solves in an economy is: a. a lack of a double coincidence of wants in an economy based on barter. b. it serves as a common acceptable medium of exchange for trade. c.