Asked by Jahsiah Colon on May 06, 2024
Verified
What does the "double coincidence of wants" refer to?
Double Coincidence of Wants
A situation in barter economies where two parties each hold an item the other wants, making it possible for them to exchange these items directly.
- Gain insight into the crucial role of liquidity within the economic landscape and the impact of different financial tools and policies on it.
Verified Answer
MV
Meghna VemuriMay 10, 2024
Final Answer :
"Double coincidence of wants" refers to an undesirable characteristic of barter economies. In an economy without money, trade can only occur if two people each have a good or service the other person wants.
Learning Objectives
- Gain insight into the crucial role of liquidity within the economic landscape and the impact of different financial tools and policies on it.