Market exchange is typically an exchange of goods for money as opposed to goods for goods because use of money solves the problem of

Question

Quizplus · Accepted Answer

In a barter system, a double coincidence of wants is required to make a trade. This means that both parties must want what the other has to offer at the same time. This can be difficult to achieve, which is why the use of money as a medium of exchange solves this problem. Therefore, the answer is the absence of a double coincidence of wants.

Market Exchange Is Typically an Exchange of Goods for Money