In macroeconomics, ___________________________ describes a situation in which two people each want to exchange some good or service that the other can provide. (A) a medium of exchange(B) a double coincidence of wants(C) interrelated banking(D) the usefulness of money

Respuesta :

Answer:

The correct answer to the following question is option B) a double coincidence of wants .

Explanation:

The term double coincidence of wants ( which is also know as coincidence of wants ) can be defined as a situation where a buyer and seller can simultaneously fulfill each other's needs and wants because both of them possess what other want. Here if both parties possess what other want , they can directly exchange it , without any use of monetary medium.