the invention of money was conducted to remove the defect of one of the following system option A exchange system option b factor exchange system option c Paisa exchange system option d barter system
Answers
Answered by
1
Answer:
barter system
Explanation:
bcz barter system is not always useful in exchange
it is useful only when there is double coincidence of wants.
hope this will helps you ✌️
Answered by
0
The correct answer is OPTION D: Barter System.
- Barter is a type of trading system in which goods or services are exchanged directly for other goods or services without the use of a medium of exchange such as money.
- The exchange is immediate and does not occur over time. It is primarily bilateral, although it can also be worldwide, and it coexists with monetary systems in most developed countries, albeit to a limited extent.
- There are several faults in the barter system that make transactions inefficient.
Similar questions
Math,
5 months ago
Math,
5 months ago
Science,
5 months ago
India Languages,
10 months ago
India Languages,
1 year ago
Math,
1 year ago