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Double coincidence of wants
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Moreover, the stress on "generally accepted" in this definition indicates that money is largely a social convention in the sense that what actually constitutes money in a society depends on what people in the society are generally willing to accept as money. An interesting question is how this "general acceptance" comes to be established! Note on Terminology: Money must be distinguished from both "wealth" and "income." The wealth of an agent at any given point in time is the current market value of the total collection of assets currently owned by that agent. Money holdings might ...
Swap is yet another exciting trading instrument. Infact, it is a combination of forwards by two counterparties. It is arranged to reap the benefits arising from the fluctuation in the market – either currency market or interest rate market or any other market for that matter. Features of swap: The following are the important features of swap : Basically a forward: A swap is nothing but a combination of forwards. So, it has all the properties of a forward contract discussed above. Double coincidence of wants: Swap requires that two parties with equal and opposite needs must come into ... Read More
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DOUBLE COINCIDENCE OF WANTS
- leonthawesome @vanessayuml well one problem, double coincidence of wants! Ahahha pasir ris, everything also have!!! Here in PP I only got indian temple!
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