alleryIn a barter system, an exchange needs a double coincidence of:
AWants
BWages
CWares
DWealth
Answer & Solution
Correct answer: A. Wants
1. Both parties must agree to sell and buy.
2. What one wants to sell must be what the other wants.
3. That is a double coincidence of wants.
_Source: syllabus Social Science, 'Understanding Economic Development', Ch 3 'Money and Credit'_
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