Double Coincidence of wants involves money to transact.

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True

False

answer is B.

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Detailed Solution

The above statement is false.
When the demands of both buyers and sellers are met during a transaction involving goods that both parties own, this is known as a double coincidence of wants. The vendor and the customer must both agree to sell and purchase each other's items. Without the use of money, direct exchanges of things take place. For instance, one person could have rice but need wheat, while another person might have wheat but need rice. They will then exchange goods after that. This interaction is referred to as the "double coincidence of wants." It is hard to want to coincide twice in a big economy.
The correct statement is Double Coincidence of wants is without the use of money, direct exchanges of things take place.

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