Single Answer MCQ
Q-00045380

Which scenario exemplifies double coincidence of wants?

1

A person selling shoes for money

2

A farmer exchanging wheat for shoes directly

3

Buying groceries with cash

4

Counting coins before a transaction

Answer and Solution

Answer

B. A farmer exchanging wheat for shoes directly

Solution:

Double coincidence of wants occurs when two parties each have something the other wants, requiring a direct exchange, like a farmer trading wheat directly for shoes.

Watch Video Solution