Barter is:?

Question

Barter is:

A. the direct trade of goods and services for other goods and services.

B. an asset used in purchasing goods and services.

C. the extension of credit to borrowers using funds raised from savers.

D. an equity claim to ownership.

E. a means of channeling funds from savers to borrowers with productive investment opportunities.

2. Finding both parties to a trade who have something the other party wishes to trade for is called a:

A. unit of account.

B. store of value.

C. medium of exchange.

D. double coincidence of wants.

E. diversification of interests.

Answer 1

1. A

2. D

A double coincidence of wants is two people wanting what the other person has at the same time.

Answer 2

A, and C.

Answer 3

1. Barter is:

A. the direct trade of goods and services for other goods and services.

2. the correct answer is :

D. double coincidence of wants