Question

When both parties agree to sell and buy each other's commodities it is known as : *

a) Measure of value

b) Double coincidence of wants

c) Store of value

d) Credit

e) Other:


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Answer 1

Answer:

when both particles agree to sell and buy each other well known as credit

Answer 2

Answer:

The coincidence of wants (often known as double coincidence of wants) is an economic phenomenon where two parties each hold an item the other wants, so they exchange these items directly without any monetary medium.