Which is necessary to make a trade in a barter economy?
A) Money
B) Unlimited wants
C) A medium of exchange
D) A coincidence of wants

Question

Quizplus · Accepted Answer

In a barter economy, a coincidence of wants is necessary for a trade to occur. This means that both parties involved in the transaction need to have something that the other wants or needs. Without this coincidence of wants, a trade cannot take place. Money is not necessary in a barter economy because goods and services are directly exchanged without the use of a medium of exchange. While unlimited wants may drive demand, they are not necessary for a trade to occur.

Which Is Necessary to Make a Trade in a Barter