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प्रश्न
Barter system did not have any difficulty.
उत्तर
False. Barter system of exchange involving the exchange of goods and services for other goods and services has various problems such as the problem of double coincidence of wants, lack of the common unit of value, difficulty in wealth storage and transfer of value and lack of standard of deferred payments.
APPEARS IN
संबंधित प्रश्न
Explain difficulty in storing wealth problem faced in the barter system of exchange
Explain with reason whether you 'agree' or 'disagree' with the following statement:
Barter system had many difficulties.
Write short note on :
Difficulties in Barter Exchange (Barter System) .
Define or explain following concept:
Barter system
Money overcomes the problems of barter system.
Barter system is ______.
One drawback of barter exchange is ______.
