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.

2

Answers

2014-08-05T11:24:21+05:30
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.
0
2014-08-05T14:50:30+05:30
B) it is based on double coincidence of wants
0