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The problems of barter were solved through the development of money, which serves as a medium of exchange, a unit of account, and a store of value. Money eliminates the need for a double coincidence of wants, allowing people to trade goods and services more efficiently. Additionally, the introduction of standardized currency and banking systems further facilitated trade and economic growth by providing a reliable and universally accepted method of transaction.
What else can I help you with?
Explain two way in which the use of money can overcome the problems associated with barter?
The development of money has solved many problems with barter,because when we talk about money we think about coins and notes which is easier to store and circulate,money is now acting as the medium of exchange.
How are the basic economic problems solved in economies?
this sucks
How socio economic problems in India can be solved?
Genocide
What problems does barter have as a means of exchange?
the person you are barteing with could be selling a fake or you could negociate a rip off
What involves the direct exchange of goods and services without the use of money as a. Medium of exchange?
Barter system
Explain two way in which the use of money can overcome the problems associated with barter?
The development of money has solved many problems with barter,because when we talk about money we think about coins and notes which is easier to store and circulate,money is now acting as the medium of exchange.
What will happen if problems are not promptly solved?
Problems that are not promptly solved create more problems.
How could Commerce problems be solved?
Commerce problems could be solved with trade
What are 2 problems that were solved by the invention or trains?
what are 2 problems that were solved by the invention of trains
Why money is been used?
because problems occurred with barter
How did the Mesopotamia's solve their problems?
they solved their problems by farming
Why was prohibition bad?
It solved no problems but created enormous problems.
What problems do doctors solved daily?
Mainly health problems.
Why problems can be solved using gcf?
Reducing equivalent fractions to their simplest form.
What is a comparison statement for ki solved 3 more math problems than Daniel solved?
K = D + 3 where the letters represent the number of problems solved by Ki and Daniel respectively.
How is the problem solved in the fifth Harry Potter book solved?
That is why there is 7 books. The problems are all solved in the end of the 7th book.
Was john cabots problems solved?
yes
