Reso 11/13/2017 02:55 AM 92/100 2 of 14 Sapling Learning Match the term with its

Question

Reso 11/13/2017 02:55 AM 92/100 2 of 14 Sapling Learning Match the term with its definition. It is possible that more than one definition belongs in a bin and that a definition does not belong in any bin. Barter Double Coincidence of Wants ing money situation in s: medium of exchange two individuals each want some pood or service that the other can pravide. with an unrelated event. Incorrect. A lirmitation of barter is that individuals must not only find a trading partnier, but must also possess a good that their trading partner wants. What is the name for this problem? O Previous Give Up & View Solution # Try Again O Next Exit

Explanation / Answer

Barter
Literally trading one good for another without using money
A situtaion in where two individuals each want some good or service that the other can provide

Double coincidence of wants
A situtaion in where two individuals each want some good or service that the other can provide

Money
Paper bills and coins
Whatever serves society in three functions,medium of exchnage,store of value and unit of account

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