Question

in what way paper money is more useful than the batter system

Answer 1

 paper money useful than barter system in many ways

1)it made transactions easier
2)we can buy anything or sell anything very easily
3)in this system the person need not exchange goods in order to get his required goods
4)money overcomes double coincidence of wants

Answer 2

• A person holding money can easily exchange it for any commodity or service that he or she might want.
• In barter, it is difficult to find a person who wants to buy what exactly the seller wants to sell. Hence, no double coincidence of wants required
• It is very easy to store money with banking system in practice but it was not easy to store goods since it increase the maintenance cost.

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