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Why does money make exchange easier than barter?
A
It combines selling with buying, so both traders must exchange at the same time.
B
It removes the need for wants, so consumers no longer need to choose products.
C
It matches buyers with sellers, so a double coincidence of wants is always created.
D
It separates selling from buying, so no double coincidence of wants is needed.
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2.8 The role of money and financial markets Flashcards
28 flashcards on OCR GCSE Economics 2.8 The role of money and financial markets: the key terms, formulae and calculations you need to recall for Component 01 and Component 02.