Economics · Money and Credit
Which among the following is an essential feature of the barter system?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It acts as a measure and store of value
- 2It is generally accepted as a medium of exchange of goods with money
- 3It is based on the double coincidence of wants✓
- 4Money can easily exchange any commodity
Correct answer
It is based on the double coincidence of wants
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