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