Money And Banking

Question

What are drawbacks of barter?

Solution

(i) Lack of double coincidence of wants.
(ii) Absence of common measure (unit) of value.
(iii) Difficulty in storing generalised purchasing power.
(iv) Lack of satisfactory unit to engage in contracts involving future payments.

Some More Questions From Money And Banking Chapter

Give narrow definition and broad definition of money.

For Daily Free Study Material Join wiredfaculty

Money And Banking

What are drawbacks of barter?

Some More Questions From Money And Banking Chapter

Give narrow definition and broad definition of money.

Write short notes on the following:
Standard and Token coins.

Write short notes on the following:
Credit money

What is High Powered Money?
or
Write short notes on the following:
High powered money.

What is liquidity trap?

What monetary system does India follow?

Define money supply?

Mock Test Series

NCERT Sample Papers

Entrance Exams Preparation

Phone Number

Email Address

Location

For Daily Free Study Material Join wiredfaculty

Money And Banking

What are drawbacks of barter?

Some More Questions From Money And Banking Chapter

Give narrow definition and broad definition of money.

Write short notes on the following:Standard and Token coins.

Write short notes on the following:Credit money

What is High Powered Money?orWrite short notes on the following:High powered money.

What is liquidity trap?

What monetary system does India follow?

Define money supply?

Mock Test Series

NCERT Sample Papers

Entrance Exams Preparation

Write short notes on the following:
Standard and Token coins.

Write short notes on the following:
Credit money

What is High Powered Money?
or
Write short notes on the following:
High powered money.