The problem with barter economies is that they require:
A)less time and trouble to trade as compared with a money economy.
B)that there be a double coincidence of wants.
C)a banking system for trade to occur.
D)that there be a single coincidence of wants.

Question

Quizplus · Accepted Answer

Barter economies require a double coincidence of wants, meaning that two individuals must both want what the other person has in order for a trade to occur. This can make trading difficult and inefficient. Money serves as a medium of exchange that eliminates the need for a double coincidence of wants in transactions. Choices A, C, and D are incorrect as they do not accurately describe the requirements of a barter economy.

The Problem with Barter Economies Is That They Require