Which of the following is not a problem of barter system of exchange?
Which of the following is not a problem of barter system of exchange?
(a) Store of value
(b) Double Coincidence of wants
(c) Unit of account
(d) Unemployment
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Ans – (d)
Explanation:-
There are four limitations of the barter system:
1. Lack of Double Coincidence of wants
2. Lack of common measure of value (unit of account)
3. lack of standard of Deferred Payment
4. Lack of Store of value
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