Font size
WorksheetsBarter system
Total questions: 7
Worksheet time: 2mins
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
