Which of the following 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, goods and services are exchanged for other goods and services directly, without the use of money. Therefore, for a trade to occur, both parties must have a coincidence of wants, meaning they must want what the other person has to offer. Without this, there can be no exchange.

Which of the Following Is Necessary to Make a Trade