A can exchange goods with B only when A has what B wants and B has what A wants. This is referred to as ____ under Barter System
A can exchange goods with B only when A has what B wants and B has what A wants. This is referred to as ____ under Barter System.
(a) Standard of Deferred payments
(b) Common Measure of value
(c) Double Coincidence of wants
(d) None of these
Anurag Pathak Changed status to publish December 15, 2023
Ans – (c)
Explanation:-
Double coincidence of wants refers to a situation where both buyers and seller are ready to exchange each other’s goods.
For example, A can exchange goods with B only when A has what B wants and B has what A wants.
Anurag Pathak Changed status to publish December 15, 2023
