Money Does Not Solve the Double Coincidence of Wants Problem

question 98

True/False

Money does not solve the double coincidence of wants problem unless it is generally acceptable.

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Definitions:

Fraction

A mathematical expression representing a part of a whole, displayed as a numerator over a denominator.

Percentage

A numerical value representing a part of 100, signaled by a fraction or ratio.

Subtract

To take away a number or amount from another, leaving a difference.

Least Common Denominator

The smallest common multiple of the denominators of two or more fractions, used in addition and subtraction of fractions.