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book The Economics of Money, Banking, and Financial Markets 10th Edition by Frederic Mishkin cover

The Economics of Money, Banking, and Financial Markets 10th Edition by Frederic Mishkin

Edition 10ISBN: 978-0132763646
book The Economics of Money, Banking, and Financial Markets 10th Edition by Frederic Mishkin cover

The Economics of Money, Banking, and Financial Markets 10th Edition by Frederic Mishkin

Edition 10ISBN: 978-0132763646
Exercise 20
In prison, cigarettes are sometimes used among inmates as a form of payment. How is it possible for cigarettes to solve the "double coincidence of wants" problem, even if a prisoner does not smoke?
Explanation
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The "double coincidence of wants" refers...

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The Economics of Money, Banking, and Financial Markets 10th Edition by Frederic Mishkin
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