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Barter System

Suppose Akash...

Question

Suppose Akash wants three coconuts and he has 2 bags of rice. Suppose Vinay is willing to give 4 coconuts and wants 4 bags of rice. The barter exchange will take place in this situation. State true or false.

A

True

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B

False

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Solution

The correct option is B
False

The barter exchange does not take place because the quantity desired by Vinay cannot be provided by Akash.

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