In November 2016 the Indian government decided to withdraw paper currency that made up more than 86 percent of the value of all rupee bills in circulation. An article in the Wall Street Joumal published shortly after that decision described a small merchant in India as having "traded one customer a kilogram of potatoes, cauliflower and tomatoes for half a liter of honey. That was a good deal, he says. In normal times, the honey would be 120 rupees in the market (around $1.80) and the vegetables 70 rupees." Source: Raymond Zhong and Karan Deep Singh, "Barter Economy Is Reborn in Villages as India Cancels Cash," Wall Street Journal, November 18, 2016. Does the merchant's ability to arrange a barter deal with a customer indicate that the Indian economy doesn't actually require money to function efficiently? Briefly explain. O A. Yes, the barter deal indicates that India has found an innovative way to keep funds flowing in the economy without the use of money. O B. No, resorting to barter means that each trade required a double coincidence of wants for trade to occur. O C. No, for the Indian economy to function efficiently, it still needs money to prevent the rich from storing value. O D. Yes, the barter deal indicates that merchants are now better off from barter than when rupees were in circulation Clear all Check