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mash [69]
3 years ago
10

how does money solve the problem of double coincidence of wants? explain with an example of your own.​

Business
1 answer:
slega [8]3 years ago
4 0

Answer:

Money is a medium of exchange and satisfaction of needs.

Explanation:

for instance:- if you want to eat ice cream ( which is your want). You give money to shopkeeper who sell money ( his want is money). You give him money in exchange of ice cream . In this way , double wants are satisfied.

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2 years ago
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Kitty [74]

Answer:

$4,373

Explanation:

we will check lower of cost or market for individual items:

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= Market value per unit × No. of units

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= 145 x 7

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Total amount should be reported on Brik Camera Shop's financial statements:

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= $4,373

4 0
2 years ago
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Alexandra [31]

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2 years ago
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lbvjy [14]

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2 years ago
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