Question

Name the system in which the double coincidence of wants is an essential feature ?*

a)Barter system

b)Global economy

c)Money economy

d)None of these

e)Other:


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Answer 1

Answer:

option.A

barter system

This is known as double coincidence of wants. In a barter system where goods are directly exchanged without the use of money, double coincidence of wants is an essential feature.

Answer 2

battery system is the feature of coincidence of wants in an essential feature