Categories: Commerce WAEC

The problem of double coincidence of wants is that?

A. it is hard to determine the exchange rate of goods
B. it does not encourage purchase of large quantities and varieties
C. deferred payment is not possible because goods exchange are not durable
D. one has to find someone who wants his surplus and also has what he needs

Correct Answer:

Option A – it is hard to determine the exchange rate of goods

Sunday

Share
Published by
Sunday

Recent Posts

List of Universities Offering Veterinary Medicine in Nigeria

Veterinary medicine is the branch of medicine that deals with the prevention, diagnosis, and treatment…

2 weeks ago

List of Universities Offering Anthropology in Nigeria

Anthropology is the scientific study of human beings and their cultures. It encompasses a wide…

2 weeks ago

List of Universities Offering Sociology in Nigeria

Sociology is the scientific study of human society, culture, and behavior. It examines the social…

2 weeks ago

List of Universities Offering Social Work in Nigeria

Social Work is a profession dedicated to helping individuals, families, and communities to cope with…

2 weeks ago

List of Universities Offering Religious Studies in Nigeria

Religious studies is an academic discipline that explores the beliefs, practices, and history of various…

2 weeks ago

List of Universities Offering Public Administration in Nigeria

Public administration is the field of study and practice that focuses on the organization and…

2 weeks ago