What are the features of the barter system?

The features of the barter system are there is no need for money to exchange commodities, there has to be double coincidence of wants, which means both the persons involved in the trade should get the commodities that they need and another important feature is immediate exchange of goods. You can read about the Monetary System – Types of Monetary System (Commodity, Commodity-Based, Fiat Money) in the given link.

Further readings:

  1. Indian Economy Notes for UPSC Civil Service Exam
  2. Monetary Policy – Objectives, Role, Instruments 

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