Single Answer MCQ
Q-00045433
In what way can modern money reduce the problem of double coincidence of wants?
1
By requiring barter exchanges
2
By providing a universal medium
3
By increasing goods supply
4
By limiting transaction types
Answer and Solution
Answer
B. By providing a universal medium
Solution:
Modern money reduces the problem of double coincidence of wants by providing a universal medium that can be used to purchase various goods, making transactions easier.
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