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

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