Barter system

1:The exchange of goods and services is made more efficient by:

• Barters

• Money

• Governments

• Some combination of government transfer and barter

2: Which of the following system referred to goods being exchanged For goods in olden days.

• functional system

• primary system

• Money system

• barter system

3:Barter is the trade of goods or services with ?

• free exchange of money

• exchange of goods and services

• exchange of services

•  None of them

4: What possess general acceptability?

• Bank draft

• Money

• Bill of exchange

• None of these

5: Which one of these is a limitation of barter system?

• Lack of double coincidence of wants

• Lack of store of value

• Lack of common measure of value

• All of these

6: Which of the following is not a problem of barter system?

• Store of value

• Unit of account

• Double coincidence of wants

• Unemployment

7: read the following dialogue between the two people:

Sidra: i want 1 kg of potatoes.

Rabia: What will you give in exchange?

Sita: i can give you 2 litres of milk in return for the potatoes.

Rani: I don't need milk. I want a pair of shoes.

which of the following problem is being faced by sita and rani in their exchange process?

• lack of double coincidence of wants

• lack of store of value

• absence of common unit of value

• lack of standard of defferred payment