Economics · Money and Banking
Consider the following statements with respect to the limitations of the barter exchange system: (i) Lack of standard of deferred payment (ii) Sufficient double coincidence of wants (iii) Lack of store of value Which of the statements given above correctly represent the limitations?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both (i) and (iii)✓
- 2Only (i)
- 3Only (ii)
- 4Only (iii)
Correct answer
Both (i) and (iii)
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