Home › UP Board Class 12 › economics › Money and Banking › In a barter economy, exchange requires that each…
In a barter economy, exchange requires that each party wants exactly what the other offers, which is the problem of:
Adouble coincidence of wants
Bcredit creation
Cmoney supply
Dlegal tender
Answer & Solution
Correct answer: A. double coincidence of wants
Double coincidence of wants is the core barter problem.
Related questions
The total stock of money in circulation among the public at a point of time is called:Acting as the 'lender of the last resort' to commercial banks is a function performed by tCommercial banks are able to create credit primarily on the basis of their:The currency held by the public plus the reserves of commercial banks together form the:Deposits that can be withdrawn on demand, such as in a current or savings account, are calThe rate at which the central bank lends short-term funds to commercial banks is the:The minimum percentage of deposits that commercial banks must keep with the central bank iThe bank that controls the money supply and acts as the banker to the government in India