Question

What is the defect of the barter system? a. Lack of double coincidence of wants
b. Difficulty in the measurement of value c. Difficulty in store of value
d. All of these​

Answer 1

Answer:

The five main difficulties found in barter system are as follows: 1. Double Coincidence of Wants 2. Lack of a Standard Unit of Account 3. Impossibility of Subdivision of Goods 4.

Answer 2

Concept Introduction: The barter system was made during the ages of cave man.

Explanation:

We have been Given: What is the defect of the barter system? a. Lack of double coincidence of wants

b. Difficulty in the measurement of value c. Difficulty in store of value

d. All of these

We have to Find: The Correct option and answer

The defects of the Barter System are, double coincidence of wants, lack of a standard unit of account, impossibility of subdivision of goods. Therefore the correct option is Option No. D, All of these.

Final Answer: The defects of the Barter System are, double coincidence of wants, lack of a standard unit of account, impossibility of subdivision of goods. Therefore the correct option is Option No. D, All of these.

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