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Which among these is an essential feature of barter system? -

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Question

Which among these is an essential feature of barter system?

Options

  • Money can easily exchange any commodity.

  • It is based on double coincidence of wants.

  • It is generally accepted as a medium of exchange of goods with money.

  • It acts as a measure and store of value.

MCQ

Solution

It is based on double coincidence of wants.

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Money as a Medium of Exchange
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