In which of the following cases, a barter is not successful?

When only one person gets all the money

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When everyone wants to trade for our services or goods

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When the other person does not want to exchange his goods for ours

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None of these

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Solution

The correct option is C
When the other person does not want to exchange his goods for ours

A barter is not successful when the other person does not want to exchange his goods or services with ours.

For example, if you have a crayon and you want to exchange it for the magic pencil your friend has. However your friend refuses to exchange it with the crayon, then the barter is not successful.

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Exchanging goods or services for other goods or services without using money is called _____.

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