When we say that trade is roundabout we mean that
A)people sometimes trade goods for goods.
B)trades require a double coincidence of wants.
C)currency is accepted primarily to make further trades.
D)people must spend time searching for the products they wish to purchase.

Question

Quizplus · Accepted Answer

When trade is roundabout, it means that currency is accepted primarily so that further trades can take place. This is because in a roundabout trade, people do not just exchange goods and services directly, but they exchange them for money, which they can then use to purchase other goods and services. This can make the trading process more efficient, as people can use the money they receive to buy what they need, rather than spending time searching for specific products.

When We Say That Trade Is Roundabout We Mean That