The problem of double coincidence of wants is that
COMMERCE
WAEC 2019
The problem of double coincidence of wants is that
- A. it is hard to determine the exchange rate of goods
- B. it does not encourage purchase of large quantities and varieties
- C. deferred payment is not possible because goods exchange are not durable
- D. one has to find someone who wants his surplus and also has what he needs
Correct Answer: A. it is hard to determine the exchange rate of goods
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