Economics · Money and Credit
Which of the following statements is NOT true about the barter system?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Absence of a common unit of value
- 2Presence of goods for mutual exchange
- 3Double coincidence of wants is required
- 4Availability of money as a medium of exchange✓
Correct answer
Availability of money as a medium of exchange
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