Saved Bookmarks
| 1. |
What do you understand by double coincidence of wants and demand deposits |
|
Answer» Double coincidence of wants is the situation in which both parties agree to sell and buy commodities of each other. What a person desires to sell is exactly what the other wishes to buy. This problem exists in case of the barter system of exchange. Demand Deposits - The deposits that can be withdrawn any time by cheque or otherwise are known as demand deposits. |
|