Single Answer MCQ
Q-00045391
Which characteristic of money helps to avoid the double coincidence of wants?
1
Limited supply
2
Widely accepted
3
Long-lasting
4
Cumbersome to carry
Answer and Solution
Answer
B. Widely accepted
Solution:
The characteristic of being widely accepted helps to avoid the double coincidence of wants, as individuals can use money to buy various goods and services without needing to find someone with reciprocal needs.
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