was the main problem of barter system
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The following are the main difficulties which were found in the barter system: 1. Double Coincidence of Wants: Owning to lack of generally acceptable medium of exchange, a difficult problem of double coincidence of wants was faced by the persons who wanted to sell and buy goods.
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The Problem with Barter
The problem is caused by something known as 'the double coincidence of wants'. In other words, a transaction based on barter can only take place if both parties have something the other party wants or needs enough to be willing to exchange. This has all kinds of limitations
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