Barter can only take place if there is

Question

Quizplus · Accepted Answer

Barter requires a double coincidence of wants, meaning that both parties involved in the exchange desire what the other has to offer. Money is not necessary for barter to occur, as goods and services can be exchanged directly without the need for a medium of exchange or unit of account. A double coincidence of money is not a relevant concept when it comes to barter, as there is no money involved in the transaction. Inflation is also not directly related to barter, as it pertains to changes in the value of money over time.

Barter Can Only Take Place If There Is