zonPM 4 83.9/100 eh Print Calculator Gradebook Question 1 of 23 Incorrect Saplin

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zonPM 4 83.9/100 eh Print Calculator Gradebook Question 1 of 23 Incorrect Sapling Learning Map dt 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 Money Paper bills and coins A situation in which money is used to facilitate economic transactions Literally trading one good for another without using money. Whatever serves society in three functions: medium of exchange, store of value, and unit of account. An event occurring in conjunction with an unrelated event A situation where two individuals each want some good There is a hint available! View the hint by clicking on the divider bar again to hide the hint. Close A ci, n Up & View Solution e Check Answer 0 Next tl Erit

Explanation / Answer

Barter.

1. literally, trading one good or service for another without using money

Double coincidence of wants

1. a situation where two individuals each want some good or service that the other can provide

Money

1. paper bills and coins

2. whatever serves society in three functions, medium of exchange, store of value, and unit of account

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