What are the advantages and disadvantages of the barter system over the use of money?

What are the advantages and disadvantages of the barter system over the use of money?
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Tax avoidance
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State three disadvantages of the barter system. -SST 10th

Description : State three disadvantages of the barter system. -SST 10th

Last Answer : . In a barter system, double coincidence of wants is required. . Here, the person is required to sell only what the other wishes to buy. . If both parties do not agree, the goods cannot be exchanged for goods.

Barter transactions means - (1) Goods are exchanged with gold. (2) Coins are exchanged for goods. (3) Money acts as a medium of exchange. (4) Goods are exchanged with goods.

Description : Barter transactions means - (1) Goods are exchanged with gold. (2) Coins are exchanged for goods. (3) Money acts as a medium of exchange. (4) Goods are exchanged with goods.

Last Answer : (4) Goods are exchanged with goods. Explanation: Barter is a system of exchange where goods or services are directly exchanged for other goods or services without using a medium of exchange, ... crisis, such as when the currency may be either unstable or simply unavailable for conducting commerce,

Barter transactions means (1) Goods are exchanged with gold. (2) Coins are exchanged for goods. (3) Money acts as a medium of exchange. (4) Goods are exchanged with goods.

Description : Barter transactions means (1) Goods are exchanged with gold. (2) Coins are exchanged for goods. (3) Money acts as a medium of exchange. (4) Goods are exchanged with goods.

Last Answer : Goods are exchanged with goods.

Price mechanism is a feature of - (1) Capitalist economy (2) Barter economy (3) Mixed economy (4) Socialist economy

Description : Price mechanism is a feature of - (1) Capitalist economy (2) Barter economy (3) Mixed economy (4) Socialist economy

Last Answer : (1) Capitalist economy Explanation: Price mechanism is an economic term that refers to the manner in which the prices of commodities affect the demand and supply of goods and services. It is ... that only by allowing prices to move freely will the supply of any given commodity match demand.

Exchange of goods against goods is called (a) Charter (b) Barter © Hunter (d) None of them.

Description : Exchange of goods against goods is called (a) Charter (b) Barter © Hunter (d) None of them.

Last Answer : (b) Barter

Price mechanism is a feature of (1) Capitalist economy (2) Barter economy (3) Mixed economy (4) Socialist economy

Description : Price mechanism is a feature of (1) Capitalist economy (2) Barter economy (3) Mixed economy (4) Socialist economy

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List the advantages and disadvantages of hydropower.

Description : List the advantages and disadvantages of hydropower. 

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I have to prepare a 15 page project(excluding pictures) on the topic''Evolution of money from barter system to plastic money.'' How should i do it? -SST 10th

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Last Answer : This answer was deleted by our moderators...

Why is money transaction system better than barter system ? -SST 10th

Description : Why is money transaction system better than barter system ? -SST 10th

Last Answer : (i) Transaction system is better than barter system because double coincidence of wants creates problem. (ii) For example, shoe manufacturer wants to sell shoes in the market and wants to ... use; money by providing the crucial intermediate step eliminates the need for double coincidence of wants.

Which of the following is the oldest system of money? (a) Barter ; (b) Plastic money ; (c) Credit money ; (d) Gold

Description : Which of the following is the oldest system of money? (a) Barter ; (b) Plastic money ; (c) Credit money ; (d) Gold

Last Answer : (a) Barter ;

____________ is termed as consideration in a contract of sale: A. Exchange money B. Barter money C. Price D. Reward

Description : ____________ is termed as consideration in a contract of sale: A. Exchange money B. Barter money C. Price D. Reward

Last Answer : C. Price

What do all of the following have in common: tuition, fee, premium, retainer, dues? A)They all must be paid in cash. B)They are forms of exchange similar to, but not identical with money. C)They are forms of exchange similar to, but not identical with barter. D)They are different terms for the concept of price.

Description : What do all of the following have in common: tuition, fee, premium, retainer, dues? A)They all must be paid in cash. B)They are forms of exchange similar to, but not identical with money. ... of exchange similar to, but not identical with barter. D)They are different terms for the concept of price.

Last Answer : D)They are different terms for the concept of price.

Do you think that if the economy doesn't get back on its feet, we will resort back to a legal barter system at least partially?

Description : Do you think that if the economy doesn't get back on its feet, we will resort back to a legal barter system at least partially?

Last Answer : I have been bartering for years to some extent. You should see my pearly white veneers and the beautiful kitchen my dentist has! (Hubby is a contractor.)

How were the difficulties of barter system overcome? -Geography

Description : How were the difficulties of barter system overcome? -Geography

Last Answer : The difficulties of barter system were overcome by the introduction of money

Give an example to show that double coincidence of wants is necessary in a barter system. -SST 10th

Description : Give an example to show that double coincidence of wants is necessary in a barter system. -SST 10th

Last Answer : A shoe manufacturer wants to sell shoes in the market and buy wheat. The shoe manufacturer will first exchange shoes that he had produced for money, and then exchange the money for wheat. Imagine how ... agree to sell and buy each other's commodities. This is known as double coincidence of wants.

What is the meaning of barter system ? -SST 10th

Description : What is the meaning of barter system ? -SST 10th

Last Answer : Barter system involves exchanging goods directly with no medium like money. One good is bought for another good.

What is the barter system and double coincidence of wants ? -SST 10th

Description : What is the barter system and double coincidence of wants ? -SST 10th

Last Answer : In the olden days, when modern currency was not in vogue, people had to sell and buy each others commodities. This was called the barter system. For instance if a shoe manufacturer wants ... goods are directly exchanged without the use of money, double coincidence of wants is an essential feature.

What is the meaning of ‘barter system’? -SST 10th

Description : What is the meaning of ‘barter system’? -SST 10th

Last Answer : The exchange of goods, property, services, etc. for other goods, etc. without using money is known as ‘barter system’.

What are the difficulties from which the barter system of exchange suffers? -SST 10th

Description : What are the difficulties from which the barter system of exchange suffers? -SST 10th

Last Answer : (i) Lack of double coincidence of wants. (ii) Valuations of all the goods cannot be done easily. (iii) Certain products cannot be divided.

Mention three limitations of the barter system. -SST 10th

Description : Mention three limitations of the barter system. -SST 10th

Last Answer : 'This answer was deleted by our moderators...

What is Barter System ? -SST 10th

Description : What is Barter System ? -SST 10th

Last Answer : Barter is a system of exchange in which goods are directly exchanged without the use of money.

Why was barter system replaced by coins?

Description : Why was barter system replaced by coins?

Last Answer : Need answer

People barter and trade goods. Economic decisions are based on customs. Economies are usually rural and farm-based. Which economic system is described by the list A. mixed B. market C. traditional D. command?

Description : People barter and trade goods. Economic decisions are based on customs. Economies are usually rural and farm-based. Which economic system is described by the list A. mixed B. market C. traditional D. command?

Last Answer : c

A barter is an economic system based on the?

Description : A barter is an economic system based on the?

Last Answer : exchange of goods for other goods.

Exchanging Wheat for Rice is the example of a. Indigenous Banking System b. Barter System c. Public Distribution System d. None of the above

Description : Exchanging Wheat for Rice is the example of a. Indigenous Banking System b. Barter System c. Public Distribution System d. None of the above

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advantages and disadvantages of direct coupled amplifier over RC coupled amplifier.

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State advantages and disadvantages of electric braking over mechanical braking.

Description : State advantages and disadvantages of electric braking over mechanical braking.

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Barter: if we all lived together in a flutherworld, minutes away from each other, what would you barter?

Description : Barter: if we all lived together in a flutherworld, minutes away from each other, what would you barter?

Last Answer : answer:I could teach beginners Spanish, bake some desserts, help your kids with math up through algebra, hook a rug, run some errands. What I need is a gardner, someone to cut back the bushes and trees in my ... once a month. Oh, and I need a handyman to do a little this and that around the house.

Who is Barter?

Description : Who is Barter?

Last Answer : Are you sure it’s not Barker? (As in Ma Barker of outlaw fame)

Could you Barter and survive?

Description : Could you Barter and survive?

Last Answer : answer:In the question you link to I show a certain dislike for big greedy corporations, but, im just as bad. yes I would survive well, and while i hate the system we have at the moment, i ... better or worse, well, i dont know, i dont really measure things that way. im leaning towards better.

Identify the condition when both the parties in a barter economy have to agree to sell and buy each other's commodities? What is it called ? -SST 10th

Description : Identify the condition when both the parties in a barter economy have to agree to sell and buy each other's commodities? What is it called ? -SST 10th

Last Answer : The situation mentioned in case of a barter economy is called Double Coincidence of Wants.

Recognize the situation when both the parties in a barter economy have to agree to sell and buy each other's commodities ? -SST 10th

Description : Recognize the situation when both the parties in a barter economy have to agree to sell and buy each other's commodities ? -SST 10th

Last Answer : This is known as double coincidence of wants.

(i) In barter transaction goods are exchange for ____________

Description : (i) In barter transaction goods are exchange for ____________

Last Answer : Complete the following sentence : (i) In barter transaction goods are exchange for ____________ ( ... more than his assets is known as ___________

In barter transactions, goods or services are purchased for other goods or services.

Description : In barter transactions, goods or services are purchased for other goods or services.

Last Answer : State whether the following statement are true or false with reason : In barter transactions, ... services are purchased for other goods or services.

What was commonly used to barter?

Description : What was commonly used to barter?

Last Answer : Need answer

A barter economy is?

Description : A barter economy is?

Last Answer : an economic system based on exchanging goods instead of money.

A Free Trade Zone is an area 1. where goods are traded free of cost 2. where goods are traded through barter 3. where there are no customs duties 4. where government controls production and distribution 5. None of these

Description : A Free Trade Zone is an area 1. where goods are traded free of cost 2. where goods are traded through barter 3. where there are no customs duties 4. where government controls production and distribution 5. None of these

Last Answer : where there are no customs duties

The gains from two nations depend on A. Domestic barter rates B. Different in the domestic barter rates of the two countries C. Terms of trade D. Degree of absolute advantage.

Description : The gains from two nations depend on A. Domestic barter rates B. Different in the domestic barter rates of the two countries C. Terms of trade D. Degree of absolute advantage.

Last Answer : Terms of trade

In a _____ countertrade the initial seller receives compensation in products that arise out of the original sale. A. consignment B. barter C. counterpurchase D. buy-back agreement E. switch trading

Description : In a _____ countertrade the initial seller receives compensation in products that arise out of the original sale. A. consignment B. barter C. counterpurchase D. buy-back agreement E. switch trading

Last Answer : D. buy-back agreement

Which of the following is not a form of countertrade? A. barter B. consignment C. switch trading D. counterpurchase E. compensation agreement

Description : Which of the following is not a form of countertrade? A. barter B. consignment C. switch trading D. counterpurchase E. compensation agreement

Last Answer : B. consignment

Forms of countertrade include the following except ___. A. simple barter B. clearing arrangement C. switch trade D.counterpurchase E. mutual agreement

Description : Forms of countertrade include the following except ___. A. simple barter B. clearing arrangement C. switch trade D.counterpurchase E. mutual agreement

Last Answer : E. mutual agreement

The oldest form of exchange--trading of products--is known as A)credit. B)buying. C)purchasing. D)barter. E)pricing.

Description : The oldest form of exchange--trading of products--is known as A)credit. B)buying. C)purchasing. D)barter. E)pricing.

Last Answer : D)barter.

What is the disadvantages and advantages of circulatory system of mammal?

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What are the advantages and disadvantages of a grammatical gender system?

Description : What are the advantages and disadvantages of a grammatical gender system?

Last Answer : Ask the ancient Greeks, or better yet, ask the even more ancient Mycaeneans. It happened a long time ago; who knows why?

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What are the advantages and disadvantages of the mammal circulatory system?

Description : What are the advantages and disadvantages of the mammal circulatory system?

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