Lack of double coincidence of wants exists in barter exchange as all commodities are not of equal value
True or False with Reasons:
Lack of double coincidence of wants exists in barter exchange as all commodities are not of equal value.
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False,
It exists under barter exchange because of the difficulty in the simultaneous fulfillment of mutual wants of buyers and sellers.
In a barter system, goods are exchanged for goods.
The transaction happens when two people want to sell and purchase each other commodity at the same time
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