Why is the barter method of exchange NOT more common in the U.S.economy?
A) The double coincidence of wants frequently occurs.
B) The value of money is too low.
C) The value of money is too high.
D) The double coincidence of wants infrequently occurs.
E) The amount of money in the economy is easy to measure.

Question

Quizplus · Accepted Answer

The barter method of exchange requires a double coincidence of wants between two parties, meaning that each party must have something the other party wants in exchange for what they have. It can be difficult to find someone who has a desired good or service and also wants what you have to offer in exchange. Therefore, the double coincidence of wants infrequently occurs, making the barter method of exchange less common in the U.S. economy.

Why Is the Barter Method of Exchange NOT More Common