Examlex
What are the two classes of high explosives? What is the difference between the two classes?
Medium of Exchange
A medium of exchange is anything widely accepted as a form of payment, making trade easier by eliminating the need for a coincidence of wants.
Store of Value
An asset, commodity, or currency that can be saved, retrieved, and exchanged in the future without significantly losing value.
Holding Wealth
The act of owning, managing, and retaining assets or capital with the goal of increasing financial security and potential for future income.
Double Coincidence of Wants
A situation in barter economies where two parties each hold an item the other wants, allowing them to exchange goods directly.
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