Examlex
The preoperational child judges only the consequences of an action and cannot center on both consequences and intention. Piaget describes this as
Double-Coincidence
The situation in a barter system where two parties each possess an item the other wants, enabling an exchange without the need for a medium of exchange like money.
Barter
Trading goods or services directly without the use of money as a medium of exchange.
Demand Deposits
Balances in bank accounts that depositors can access on demand by writing a check.
Liquid
In financial terms, describes assets that can be easily converted into cash without much loss in value.
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