Question

Sonu bartered his fully grown cattle for Vimla's small basket of apples. Why wasn't this a fair trade?

• A. Quantity and value of goods were different.
• B. Quantity and value of goods were the same.
• C. Money was involved.
• D. No money was involved.

Answer 1

The correct option is A Quantity and value of goods were different.

One of the drawbacks of barter system was that it did not have the value of goods and measuring of quantity. A basket of apples cannot equal fully grown cattle.

To overcome double coincidence of wants and match the value and quantity of the goods traded, an intermediatory was introduced.