ITune store keeps asking for password and will not download

Updated the iTune to the newest edition, 11.0.3.42. Now, when I try to purchase new videos or music, the itune store will repeatedly ask for password, even though I put the password in correctly, the box will pop up again asking for password as if I have not input the password at all. It will not finish the transaction or download. The only way I can purchanse anything is to sign out of iTune store, sign back it and make the purchase. Anyone else experience this problem?

I downloaded and installed iTunes and it seems to have fixed the problem:
http://www.apple.com/itunes/download/
I should note that my problem was on Mac.

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