how did money solved the problem of barter system? (3 marker question)
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Explanation:
suppose a person possess rice and want to exchange it for wheat . under the barter system he had to find out a person who not only had wheat but also wants rice.But such a double coincidence was a rare possibility .But with the use of money commodities can be easily exchanged and you do not need double coincidence of wants.
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MONEY WAS NOT INTRODUCED THERE WAS A SYSTEM OF BARTER SYSTEM . MONEY CAN BE EXCHANGED FOR ANY KIND OF COMMODITY OF ONE'S CHOICE OR NEED.
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