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Question

In the case of the barter system which of the following is a disadvantage while repaying a loan?


  1. Locally agreed to repay the loan for the specific commodity

  2. Availability of quality commodity as agreed upon

  3. Arrangement of some other specific commodity as agreed upon

  4. Value of the specific commodity remains the same


Solution

The correct option is C

Arrangement of some other specific commodity as agreed upon


In the case of the barter system, while repaying loans, a problem may arise with regards to the arrangement of some other specific commodity as agreed upon. It can create several obstacles in the process of economic growth of a country.

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