A shoe manufacturer wants to sell shoes in the market and buy wheat. T

1.	A shoe manufacturer wants to sell shoes in the market and buy wheat. The shoe manufacturerwill first exchange shoes that he had produced for money, and then exchange the money forwheat. Which drawback of Barter system is indicated here?a) Lack of Common Measure of Value b) Lack of Standard of DeferredPaymentc) Lack of Store of Valued) Lack of Double Coincidence of Wants
Answer» ANSWER: (a) LACK of COMMON MEASURE of VALUE

A shoe manufacturer wants to sell shoes in the market and buy wheat. The shoe manufacturerwill first exchange shoes that he had produced for money, and then exchange the money forwheat. Which drawback of Barter system is indicated here?a) Lack of Common Measure of Value b) Lack of Standard of DeferredPaymentc) Lack of Store of Valued) Lack of Double Coincidence of Wants

Answer»