Barter requires the
A)use of commodity money as a medium of payment.
B)use of fiat money as a medium of exchange.
C)the triple non-coincidence of wants.
D)exchange of goods and services directly for other goods and services.
E)use of money as a unit of account.

Question

Quizplus · Accepted Answer

Barter involves the direct exchange of goods and services for other goods and services, without the use of money as a medium of exchange. The triple non-coincidence of wants refers to the challenge of finding someone who wants what you have and has what you want in return, which is one of the difficulties of bartering. Commodity money and fiat money are not necessary for barter transactions. Money as a unit of account is also not necessary in a barter economy.

Barter Requires the