WorksheetsBarter
Total questions: 11
Worksheet time: 4mins
The barter system is the exchange of goods and cash.
True
False
There are no problems faced when people are using the barter system.
True
False
Double coincidence of wants is an issue associated with the system of
barter
sale
transfer
donations
Which of the following is a disadvantage of of the barter system
I The rate of exchange
II Storage of wealth
III Acquisition of goods
I and II only
III only
I and III only
I, II and III
An advantage of Barter is
you can use money
more goods can be acquired
it is flexible in trading goods or services
it is a quick process of trade
Subsistence economy involves
paying for goods of only high quality
Accumulating wealth
Producing goods and service only for survival
investing for future goals
The exchange of goods and services without the use of money ______.
service
consumer
producer
barter
Trade is the exchange of goods and __________.
business
services
before there are goods, people will exchange money with each other.
True
False
barter system needs at least three parties.
True
False
metal were later used as a payment.
True
False
