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An Efficient Barter System Relies on a Double Coincidence of Wants

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An efficient barter system relies on a double coincidence of wants.


Definitions:

Variable Substitution

The process of replacing a variable in an equation or expression with a specific value.

Exponentiation

A mathematical operation involving two numbers, the base and the exponent, where the base is multiplied by itself as many times as indicated by the exponent.

System of Equations

A set of two or more equations with the same set of unknowns, which are solved simultaneously.

Variable Substitution

Replacing a variable in an equation or expression with its corresponding value.

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