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Which of the following statements does not reflect a condition to be satisfied for an exchange to take place? -

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Question

Which of the following statements does not reflect a condition to be satisfied for an exchange to take place?

Options

  • Involvement of at least two parties the buyer and the seller is mandatory.

  • Each party should be capable of offering something of value to the other.

  • Exchange can take place if the buyers and sellers are not able to communicate with each other.

  • Each party should have the freedom to accept or reject the other party’s offer.

MCQ

Solution

Exchange can take place if the buyers and sellers are not able to communicate with each other.

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