Problems with Barter System

Q.

Give One Word:-

A Person Who Makes Ornaments -

Q. What is/are the characteristic(s) of the items or token used in a successful barter exchange?

1. abundant and perishable
2. non-valuable
3. non-perishable and valuable
4. perishable

Q. A barter fails when some person does not want to exchange his/her services or goods for ours.

1. False
2. True

Q. A person divides two cakes into 5 pieces and 8 pieces respectively. He eats 2 pieces from Cake 1 and 5 pieces from Cake 2. He eats more than half from Cake 1.

1. No
2. Yes
3. Can't be determined
4. Statement is not finished

Q. Cosmo cuts 12 slices from a full cake, out of which 7 slices are eaten by Carla and her friends. What is the fraction of cake left?

1. $\frac{7}{12}$
2. $\frac{3}{12}$
3. $\frac{12}{7}$
4. $\frac{5}{12}$

Q. A person divides two cakes into 5 pieces and 8 pieces respectively. He eats 2 pieces from Cake 1 and 5 pieces from Cake 2. He eats more than half from Cake 1.

1. No
2. Yes
3. Can't be determined
4. Statement is not finished.

Q. In a barter system, not every member needs to be willing to exchange their goods or services for that of ours.

1. True
2. False

Q. One of the issues with the barter system is the lack of units of accounting items.

1. True
2. False

Q. If one token can be exchanged for 15 bowls of rice, 5 tokens could be exchanged for bowls.

1. 3
2. 75
3. 50

Q. In a barter between two people, the exchangeable items are ______.

1. valuable for any of them
2. valuable for both them
3. valuable for none of them
4. in terms of currency

Q.

In which of the following cases, a barter is not successful?

1. When everyone wants to trade for our services or goods

2. None of these

3. When only one person gets all the money

4. When the other person does not want to exchange his goods for ours

Q. We can use small sticks of 5 cm each as a token.

1. True
2. False

Q. If one token can be exchanged for 7 bags of pulses, tokens could be exchanged for 28 bags.

1. 3
2. 4
3. 5

Q. If 2 tokens can be exchanged for 10 bowls of flour, how many tokens would you need to get 30 bowls of flour?

1. 4
2. 6
3. 8
4. 10