Question

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Answer 1

Answer:

Armys helps each other!

Explanation:

Q1) Barter system is a system in which two or more people exchange goods without the use of money....example:- I took one of your bangtan postcards and in return gave you bangtan key chains....

Q2)The wants is an economic phenomenon where two people hold an item the other wants, so they exchange these items directly without any monetary medium....

Q3) The two modern forms of money are:-

•The currency notes/coins..

•Bank depositst/Checks

Q4)Money's most important function is as a medium of exchange to facilitate transactions.

Hope It Helps

BORAHAE!

Answer 2

Answer:

1) Barter is an alternative method of trading where goods and services are exchanged directly for one another without using money as an intermediary. It is an old method of exchange. People exchanged services and goods for other services and goods in return.

2) Double coincidence of wants means: Both parties, the seller and buyers have to agree to sell and buy each others commodities. Goods are directly exchanged without the use of money.

3) The two modern forms of currency are papernotes and coins..

4) Money's most important function is as medium of exchange to facilitate transactions.