Question

what are the problems and advantages of double coincidence

Answer 1

Advantages of Barter System: 

(i)The advantages of Barter System 
were Simplicity, More suitable in 
International trade, No problem of 
over-production and Under 
production, No concentration of 
economic power. 

Answer 2

• Absence of Common Measure of Value: ...
• Lack of Divisibility: ...
• The Problem of Storing Wealth: ...
• Difficulty of Deferred Payments: ...
• Problem of Transportation: