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.
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