A double coincidence of wants
A)is required when there is no item in an economy that is widely accepted in exchange for goods and services.
B)is required in an economy that relies on barter.
C)is a hindrance to the allocation of resources when it is required for trade.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

A double coincidence of wants is necessary in a barter economy where no widely accepted medium of exchange exists, making it a hindrance to efficient trade and resource allocation.

A Double Coincidence of Wants