Question

Give three demerits of barter system
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Answer 1

Drawbacks of Barter Systems:
Lack of double coincidence of wants.
Lack of a common measure of value.
Indivisibility of certain goods.
Difficulty in making deferred payments.
Difficulty in storing value.

Answer 2

Explanation:

=> Lack of double coincidence of wants.

=> Lack of a common measure of value.

=> Indivisibility of certain goods.

=> Difficulty in making deferred payments.

=> Difficulty in storing value.

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