Successful barter in a primitive economy necessitates a(n)

Question

Quizplus · Accepted Answer

In a primitive economy, bartering is the primary means of exchange as there is no money. Bartering requires a double coincidence of wants, which means that the person who wants to buy something must have something that the seller wants in exchange. Without this coincidence, exchange cannot take place. Hence, A is the correct answer. Low interest rates, increasing money supply, and fixed supply of money are irrelevant in a primitive economy where bartering is the primary means of exchange.

Successful Barter in a Primitive Economy Necessitates A(n)