Question

Which one of the following is not limitation of the barter system?
a) lack of standard for deferred payments
b) lack of store of value
c) money can be paid as advance with promise of delivery of goods later
d) lack of a common unit of value​

Answer 1

Answer:

Barter system had many drawbacks like lack of double coincidence of wants, lack of a common unit of value, difficulty of future payments or contractual payments and difficulty of storage of value and transfer of value. Therefore, unemployment is not a problem related to barter system.