Question

Barter requires? a. that the exchange of goods be portable; b. that the exchanged goods be...

Barter requires? a. that the exchange of goods be portable; b. that the exchanged goods be durable; c. a double coincidence of wants; d. that the exchange medium be divisible; e. an effective middleman

Homework Answers

Answer #1

Double Coincidence of Wants is a requirement for the Barter. Double coincidence of wants means that the good a person wants to buy must be the good the other person is willing to sell while at the same time the first person should offer a good in return which the second person wants to buy. Thus, What one person wants to buy and sell, the other person must be ready to sell and buy.

Thus, Barter requires a double coincidence of wants.

Hence, Option c is correct.

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