ECONOMICS
CREDIT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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When a person wants to sell exactly what the other person wants to buy. This situation is known as
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Barter System
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Double coincidence of wants
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Trading
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None of these
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Explanation:
Detailed explanation-1: -When two parties agree to sell and buy each other’s commodities, this situation is known as ‘double coincidence of wants’. That is, what a person desires to sell is exactly what the other wishes to buy. Such a situation is a feature of the barter system.
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