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Which among the following is an essential feature of barter system?

(a) A person holding money can easily exchange any commodity.
(b) It is based on double coincidence of wants.
(c) It is generally accepted as a medium of exchange of goods with money.

Plz help with this Class XIII question.


The answer is B .it is based on double coincidence of wants.for example,the potter got food grains in exchange for pots and vice versa.this process of exchanging goods and services is known as the barter system.
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B) it is based on double coincidence of wants
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