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प्रश्न
How does money eliminate the fundamental problems of the barter system?
विकल्प
By providing a common medium of exchange
By converting all transactions into non-legal fiduciary credit
By eliminating the requirement of general acceptability
By strictly imposing limited legal tender on commodities
MCQ
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उत्तर
Under the barter system, trade required a double coincidence of wants. Money eliminates this difficulty by acting as a universally recognized, common medium of exchange for goods and services.
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