Homework Answers
Answer:
2nd Option is the right option - It is a transaction that requires a double coincidence of wants.
Reason:
Economies without money generally use barter systems.
Barter means to trade one good or to trade a service for another - is highly inefficient to transact. In a speculative economy, two things are required for an exchange between two people, which means that what one wants to buy is what the other wants to sell....or both of the parties want meet at each other....i, e which one wants to sell to another person and exactly another one wants to purchase that thing.
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