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How does money solve the problem of double coincidence of wants ?? with example?? Please explain ?? |
| Answer» Money solve the problem of double coincidence of wants by acting as a medium of exchange. A person can directly exchange his goods with anyone in return of money and can buy the services which he needs. For example a wheat seller has to search for a buyer who can buy his goods in return of money and the wheat seller can exchange for any service he needs with the help of money. | |