Barter is an inefficient means of exchange because
A) barter transactions require a double coincidence of wants.
B) barter only occurs in relatively primitive economies.
C) demand will not necessarily equal supply.
D) in a barter transaction only one party needs to want what the other party has to sell.

Question

Quizplus · Accepted Answer

Barter requires a double coincidence of wants, meaning both parties must have what the other wants and be willing to trade for it, which makes it inefficient compared to using money.

Barter Is an Inefficient Means of Exchange Because