alleryThe 'double coincidence of wants' is a problem associated with:
AModern banking
BCurrency
CBarter system
DOnline payments
Answer & Solution
Correct answer: C. Barter system
In barter, both parties must want what the other has at the same time — double coincidence of wants.
Money eliminates this by acting as universal medium of exchange.
e.g., shoemaker needing wheat must find farmer wanting shoes.
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