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Answered by
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Heya...
====== Answer =====
Ques 1 Two problem of barter system that can we conclude from the above passage are ??
Ans ----
1 ) Measurement of standard unit....
In a barter system, we can't set a measurement of standard unit means price for a commodity , so the producer is confused that how much rice is required for purchasing there books...
2 ) Store of value
Commodity can't be store for a long time, as the rice are eaten by pests...so noe he had nothing that he could use to exchange...
Ques 2 How does money solve these barter system ??
Ans -- Money is the prices of all the commodities , so the producer can give money in the exchange of books no need to confused that how much rice must be paid...
And money can be stored as digitally or physically also..so future payments also can possible with the help of money...
Ques 3 What form of money is used in village and how it is different from current form of money ..??
Ans -- In the village the commodity or a good is user in the form of money... it is called barter system or commodity to commodity transaction...
It is different from current form of money as current form is authorized money as the government authorized paper notes , currency to accept as medium of transaction...
Hope it helps..
Thank you
====== Answer =====
Ques 1 Two problem of barter system that can we conclude from the above passage are ??
Ans ----
1 ) Measurement of standard unit....
In a barter system, we can't set a measurement of standard unit means price for a commodity , so the producer is confused that how much rice is required for purchasing there books...
2 ) Store of value
Commodity can't be store for a long time, as the rice are eaten by pests...so noe he had nothing that he could use to exchange...
Ques 2 How does money solve these barter system ??
Ans -- Money is the prices of all the commodities , so the producer can give money in the exchange of books no need to confused that how much rice must be paid...
And money can be stored as digitally or physically also..so future payments also can possible with the help of money...
Ques 3 What form of money is used in village and how it is different from current form of money ..??
Ans -- In the village the commodity or a good is user in the form of money... it is called barter system or commodity to commodity transaction...
It is different from current form of money as current form is authorized money as the government authorized paper notes , currency to accept as medium of transaction...
Hope it helps..
Thank you
Answered by
0
Answer:
Heya...
====== Answer =====
Ques 1 Two problem of barter system that can we conclude from the above passage are ??
Ans ----
1 ) Measurement of standard unit....
In a barter system, we can't set a measurement of standard unit means price for a commodity , so the producer is confused that how much rice is required for purchasing there books...
2 ) Store of value
Commodity can't be store for a long time, as the rice are eaten by pests...so noe he had nothing that he could use to exchange...
Ques 2 How does money solve these barter system ??
Ans -- Money is the prices of all the commodities , so the producer can give money in the exchange of books no need to confused that how much rice must be paid...
And money can be stored as digitally or physically also..so future payments also can possible with the help of money...
Ques 3 What form of money is used in village and how it is different from current form of money ..??
Ans -- In the village the commodity or a good is user in the form of money... it is called barter system or commodity to commodity transaction...
It is different from current form of money as current form is authorized money as the government authorized paper notes , currency to accept as medium of transaction...
Hope it helps..
Thank you
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