send mail to support@abhimanu.com mentioning your email id and mobileno registered with us! if details not recieved
Resend Opt after 60 Sec.
By Loging in you agree to Terms of Services and Privacy Policy
Claim your free MCQ
Please specify
Sorry for the inconvenience but we’re performing some maintenance at the moment. Website can be slow during this phase..
Please verify your mobile number
Login not allowed, Please logout from existing browser
Please update your name
Subscribe to Notifications
Stay updated with the latest Current affairs and other important updates regarding video Lectures, Test Schedules, live sessions etc..
Your Free user account at abhipedia has been created.
Remember, success is a journey, not a destination. Stay motivated and keep moving forward!
Refer & Earn
Enquire Now
My Abhipedia Earning
Kindly Login to view your earning
Support
Type your modal answer and submitt for approval
Which of the following problems is/are associated with the barter system of exchange?
1. It requires the double coincidence of wants.
2. It is difficult to use in large economies.
3. It is difficult to carry forward perishable wealth under barter system.
Select the correct answer using the code given below.
1 and 2 only
2 only
1 and 3 only
1, 2 and 3
Statement 1 is correct. The first difficulty in barter is to find two persons whose disposable possessions mutually suit each other's wants. This is known as the problem of double coincidence of wants.
Statement 2 is correct. It is difficult to use in large economies as people have to incur huge costs in searching for suitable person to exchange their surpluses.
Statement 3 is correct. It is difficult to carry forward the perishable wealth under barter system. For example the commodity that a person wants to exchange may be perishable such as food grains.
By: Abhipedia ProfileResourcesReport error
Access to prime resources
New Courses