Question : This function has removed the major difficulty of lack of double coincidence of wants and inconvenience associated with the barter system.
Option 1: Medium of exchange
Option 2: Measure of value
Option 3: Store of value
Option 4: Standard of deferred payment.
Answer (1)
21st Jan, 2024
Correct Answer:
Medium of exchange
Solution :
Medium of exchange has removed the major difficulty of lack of double coincidence of wants and inconvenience associated with the barter system.
Hence Option A is correct.
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