Money flashcards

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what is bater trade? Bater trade is the exchange of goods for goods
The coincidence-of-wants problem associated with barter refers to the fact that for exchange to occur each seller must have a product that some buyer wants
How does the use of money contributes to economic efficiency it promotes specialization by overcoming the problems with barter

what is bater trade?

The coincidence-of-wants problem associated with barter refers to the fact that

How does the use of money contributes to economic efficiency

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