State with reason wheater you are agree or disagree with following statements.
There are no difficulties with barter System.
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The perishable goods like grains, milk and meat could not be stored to exchange goods in future. Therefore, wealth storage was a major difficulty in the barter system. iv. Lack of standard of deferred payments: The future payments could not be met in a C-C economy (barter system), as wealth could not be stored.
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Answer:
There are certain difficulty in barter system
Explanation:
Exchanging was the major problem in barter system because there are differences in the exchange which does not meet the exact amount of exchange ...Ex- A person has to give 1kg of Gold in exchange of 1kg of meat which the Gold prices is 1000 times more price than a 1kg of meat
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