Match the term with its definition. It is possible that more than one definition

ID: 1197894 • Letter: M

Question

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.

Bins: Barter Double Coincidence of Wants Money

Terms: 1) literally trading one good for another without using money

2) an event occuring in conjunction with an unrelated event

3) a situation in which money is used to facilitate economic transactions

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

5) paper bills and coins

6) whatever serves society in three functions, medium of exchange, store of value, and unit of account

Barter

1) Literally trading one good for another without using any money.

Double Coincidence Of wants

4) A situation where two individuals each want some good or service that the other can provide.

Money

6)whatever serves society in three functions, medium of exchange, store of value, and unit of account

The remaining definations do not belong in any bin.