Lack of double coincidence of wants exists in barter exchange difficulty in simultaneous fulfilment of mutual wants of buyers and sellers.

Question

Giving reasons, state whether the statements are true or false.

Lack of double coincidence of wants exists in barter exchange difficulty in simultaneous fulfilment of mutual wants of buyers and sellers.

Answer 1

True. It exists under barter exchange because of difficulty in simultaneous fulfilment of mutual wants of buyers and sellers.

Note: As per CBSE guidelines, no marks will be given if reason to the answer is not explained.