The concept of double coincidence of wants refers to the fact that:
A) for a financial asset to be exchanged, it needs to be priced correctly.
B) for barter to take place, both parties must accept what the other party has to offer.
C) people can never exactly agree on an equilibrium price.
D) different people value goods differently.
E) for barter to take place, both parties must have equal quantities of the same good.
Correct Answer:
Verified
Q1: Perishable goods such as tomatoes and milk
Q2: In the United States, the different categories
Q3: Using money as a medium of exchange:
A)requires
Q5: Which of the following would be counted
Q7: Which of the following is a transactions
Q7: Identify the correct definition of liquidity.
A) The
Q8: Which of the following is a reason
Q10: The measure of money supply that includes
Q15: The use of foreign money instead of
Q20: An asset is said to be illiquid
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents