In order for a barter transaction to be successful, there must be a
A) market for the goods.
B) high demand for a certain item.
C) double coincidence of wants.
D) federal tax law in effect.

Question

Quizplus · Accepted Answer

A double coincidence of wants is when two parties both want what the other has to offer. This is essential for a barter transaction to take place. Without it, the transaction cannot occur, regardless of the existence of a market, high demand, or federal tax law.

In Order for a Barter Transaction to Be Successful, There