Examlex
The shortest wavelengths of visible light are sensed as red, while the longest wavelengths of light are sensed as purple.
Roundabout Trade
Trade involving multiple countries where goods are exported to one country before being re-exported to the final destination.
Double-Coincidence
The situation in a barter economy where two parties each hold an item the other wants, enabling an exact exchange without the need for a medium of exchange.
Commodity Money
Money whose value comes from a commodity of which it is made, such as gold and silver, used historically as a medium of exchange.
Unit Of Account
A standard numerical monetary unit of measurement that provides a consistent way of quoting prices and conducting economic transactions.
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