Barter System
Trending Questions
Q. In a barter system, finding a person who has the product we need, and who also needs the product we have is known as __________.
- pairing of sellers
- double coincidence of wants
- double pairing of people
- triple coincidence of needs
Q. Barter sytem is the exchange of goods and services without the presence of ___________.
- goods
- services
- a marketplace
- money
Q. Which of the following justifies the need of money over the barter system?
- Double coincidence of wants
- Meeting new people
- Different value of commodities
- People were making a loss
Q. Identify the essential feature of the barter system.
- Double coincidence of wants
- Presence of money
- Difference in the value of goods
- Presence of an intermediatory good
Q. Saran has a bag of rice and Aman has a bottle of milk. Saran wants milk and Aman wants rice. They interchange their goods. This system is known as
- barter system
- exchange system
- trading system
