Economics · Money and Banking
Consider the following two statements on the functions of money as a medium of exchange: Statement (A): Money acts as an intermediate in the exchange process. Statement (B): Money facilitates trade without needing a double coincidence of wants. Choose the correct option:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both Statement (A) and Statement (B) are false.
- 2Statement (A) is false but Statement (B) is true.
- 3Statement (A) is true but Statement (B) is false.
- 4Both Statement (A) and Statement (B) are true.✓
Correct answer
Both Statement (A) and Statement (B) are true.
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