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A-LevelEconomicsThe macroeconomy9708/12 · Feb/Mar 2022 · Q31 Mark

Which function of money overcomes the double coincidence of wants problem that exists in a barter system?

Amedium of exchange
Bstandard of deferred payment
Cstore of value
Dunit of account

✓ Correct answer

A: medium of exchange

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Topic
The macroeconomy, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source
A-Level Economics, Feb/Mar 2022 Paper 1 Variant 2, question 3.

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