alleryA 'double coincidence of wants' is necessary in
Aa banking economy
Ba money economy
Ca barter economy
Da digital economy
Answer & Solution
Correct answer: C. a barter economy
1. Barter requires both parties to want exactly what the other has.
2. This double coincidence of wants is hard to find, limiting barter.
3. Money removes this requirement by serving as a common medium.
_Source: syllabus Understanding Economic Development, Ch 3 "Money and Credit"_
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