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Question Practice

Which scenario exemplifies a 'double coincidence of wants'?

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

MCQ_SA
CBSE
Class 7
Social Science
Exploring Society India and Be...
From Barter to Money
Question Bank

Which scenario exemplifies a '...

Single Answer MCQ
Q-00130426

Which scenario exemplifies a 'double coincidence of wants'?

1

Trading shoes for a sweater directly

2

Buying groceries with money

3

Offering a service for cash

4

Borrowing goods without exchange

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Keep Practising

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Continue with nearby questions to strengthen the same chapter concept while you still have the context fresh in mind.

Q1.

What is the barter system?

Single Answer MCQ
View explanation
Q2.

Which of the following is a limitation of the barter system?

Single Answer MCQ
View explanation
Q3.

In the barter system, which item listed was commonly used as a commodity?

Single Answer MCQ
View explanation
Q4.

What problem does the term 'portability' refer to in the barter system?

Single Answer MCQ
View explanation