Which of the following is true about barter?
A)Barter is more efficient than using coins.
B)The disadvantage of barter is that it requires a rare double coincidence of wants.
C)Barter is the main form of exchange in most developed countries today.
D)All of the above
E)None of the above

Question

Quizplus · Accepted Answer

Barter requires a double coincidence of wants, which means that two parties have to want what the other has to offer. This can be difficult to achieve, making barter not as efficient as a monetary system. The other options are false: barter is not more efficient than coins, and barter is not the main form of exchange in developed countries today.

Which of the Following Is True About Barter