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12th Class Economics Money And Banking Question Bank MCQs - Money and Banking

  • question_answer
    'A' has a good that 'B' wants and 'B' has a good that 'A' wants. This is referred to as ............... under barter system of exchange.

    A) Unit of account

    B) Store of value

    C) Double coincidence of want

    D)  None of the above

    Correct Answer: C

    Solution :

    Two individuals involved in the exchange under barter system must possess the good that each other wanted is known as double coincidence of wants.


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