Identify the statement which is true of a barter system?

A) In a barter system,trade will only occur if there is a double coincidence of wants.
B) In a barter system,an individual offers coins to get a good or service.
C) In a barter system,an individual offers a commodity money to get fiat money.
D) In a barter system,different kinds of money are exchanged for one another.
E) In a barter system,individuals are self-sufficient.

Double Coincidence

Double Coincidence is a term used in economics to describe a situation where two parties each hold an item the other wants, allowing for an exchange without the need for a common medium of trade, like money.

Barter System

An ancient method of exchange where goods and services are traded directly for other goods and services without using money.

Trade

The exchange of goods, services, or both between two or more parties, either within a country or across international borders.