The Concept of Double Coincidence of Wants Refers to the Fact

question 65

Multiple Choice

The concept of double coincidence of wants refers to the fact that:

• A)for a financial asset to be exchanged, it needs to be priced correctly.
• B)for barter to take place, both parties have to want what the other party has.
• C)people can never exactly agree on an equilibrium price.
• D)different people value goods differently.
• E)for barter to take place, both parties must have equal quantities of the same good.

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