Question

Lack of double coincidence of wants exists under barter system because of difficulty in simultaneous fulfillment of mutual wants of buyers and sellers.

• A. True
• B. False

Answer 1

The correct option is A True

Lack of double coincidence exists in barter exchange. It refers to the situation where the mutual wants of the buyer and seller are less likely to be fulfilled simultaneously. If the buyer's wants can be fulfilled by exchange but cannot provide what the seller wants, the exchange is unlikely to happen.