Question

What are the modern forms of money, how they are superior to barter system?​

Answer 1

Answer:

the modern form of money are paper notes and coins

in barter system people used to exchange their goods without money.

m@rk @s BRAINLIEST @nswer ple@se

Answer 2

The modern forms of money are as follows:

1. currency-paper notes
2. coins
3. debit cards
4. credit cards

Modern forms of money are superior to barter system because of the following:

• In the barter system, there were trust issues. It was difficult to determine how trustworthy the person is with whom you are trading. There is no such trust issue in using a modern form of money.

• In money, no coincidence of wants is required. On the other hand, in a barter system, a double coincidence of wants is required.

• In money, one can buy goods and services and has the option to pay money later. Whereas in the barter system, the goods have to be exchanged at the same time only.