Money has made transactions easy justify

Thqs but try to wrute in short

Hiii

Money has made transactions easy as it solves the problem of double coincidence of wants by acting as a medium of exchange. Double coincidence of wants implies a situation where two parties agree to sell and buy each others commodities, i.e. what one party desires to sell is exactly what the other party wishes to buy. Money does away with this tedious and complex situation by acting as a medium of exchange that can be used for all commodities. For example, if an ice-cream vendor wants a bicycle but the bicycle manufacturer wants clothes and not ice-creams, then the vendor can use money to obtain the bicycle. He need not adhere to the bicycle manufacturer”™s needs because money acts as the common medium of exchange. Similarly, the bicycle manufacturer can then use the money to buy clothes.