Question

How does money solve the problem of double conicedence of bonds

Answer 1

If there are 2 people A and B

A needs rice on the place of wheat!

B needs wheat on place of oil..

In the above case you can see no one from these can exchange their material with one another as they can't fulful each others need completely! That is why money is used as medium of exchange and it helps solving the problem of double conicedence of bonds!