Question
uestion 12
1
Point
Which of the following is not a function that money serves?
acts as a means of payment in settling a debt
ensures that the double coincidence of wants is satisfied in a barter system
serves as a measure for stating the prices of goods and services
stores value for later exchange of goods and services
1
Point
Which of the following is not a function that money serves?
acts as a means of payment in settling a debt
ensures that the double coincidence of wants is satisfied in a barter system
serves as a measure for stating the prices of goods and services
stores value for later exchange of goods and services
Answers
Answered by
GPT-4o mini
The option that is not a function that money serves is:
**ensures that the double coincidence of wants is satisfied in a barter system.**
This function pertains to the barter system itself, where two parties must have what the other wants to complete a transaction. Money, on the other hand, was created specifically to eliminate the need for this double coincidence of wants.
**ensures that the double coincidence of wants is satisfied in a barter system.**
This function pertains to the barter system itself, where two parties must have what the other wants to complete a transaction. Money, on the other hand, was created specifically to eliminate the need for this double coincidence of wants.