BECAUSE IT IS A MEDIUM OF EXCHANGE, MONEY (A) ELIMINATES THE REQUI...

29) Because it is a medium of exchange, money

(a) eliminates the requirement for a double coincidence of wants.

(b) encourages specialization.

(c) reduces transaction costs.

(d) does all of the above.

(e) does only (a) and (b) of the above.

Answer: D

Question Status: Previous Edition