A potter wants shoes. The cobbler does not want pots but wants rice. Under barter, the potter must

trade pots for rice first, then rice for shoesCorrect answerYour answerpay the cobbler in cashCorrect answerYour answerwrite the cobbler a chequeCorrect answerYour answersimply take the shoesCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer A

Correct answer: A

Without a double coincidence, trade needs a chain of swaps, which wastes time.
Money removes this: the potter sells pots for money and buys shoes with it.

Concept: A chain of swaps
Typical timeTypical: 70 s
Your timeYours: —

The rule this testsBarter and its problems

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A potter wants shoes. The cobbler does not want pots but wants rice. Under barter, the potter must

Explanation