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Question
Name the system in which the double coincidence of wants is an essential feature.
Options
Barter system
Money economy
Global economy
None of these
MCQ
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Solution
Barter system
Explanation:
The barter system is a system of exchange where goods and services are traded directly for other goods and services without the use of money. The double coincidence of wants is an essential feature of this system, meaning that both parties must have something the other wants for the exchange to occur.
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