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MA
Question Practice

Why is a double coincidence of wants necessary in a barter system?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 10
Social Science
Understanding Economic Development
MONEY AND CREDIT
Question Bank

Why is a double coincidence of...

Single Answer MCQ
Q-00015851

Why is a double coincidence of wants necessary in a barter system?

1

Both parties need to sell their items simultaneously.

2

Each party must want what the other is selling.

3

Barter does not use any medium of exchange.

4

It ensures that services exchanged are equally valued.

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