The problem of double coincidence of want was a huge standing block that subdued the smooth process of the barter economy. Money was introduced to solve this problem. Discuss how money was used to resolve the problem of double coincidence of want and any other problem that affected the smooth running of the barter economy ?

The problem of double coincidence of want was a huge standing block that subdued the smooth process of the barter economy. Money was introduced to solve this problem. Discuss how money was used to resolve the problem of double coincidence of want and any other problem that affected the smooth running of the barter economy ?

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter14: Money And Banking

Section: Chapter Questions

Problem 2AA

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