Mention the problem in exchange of indivisible goods in barter system. – InterviewSolution

InterviewSolution

1.

Mention the problem in exchange of indivisible goods in barter system.

Answer»

There are commodities which cannot be divided. These are those products or goods whose value becomes nil or zero after division.

For example: buffalo, cow, goat, etc. It is very difficult to perform exchange with such commodities.

Discussion

No Comment Found

Related InterviewSolutions

Complete the following statements:1. Introduction of money removed __________2. Money that leads to political, economic and social instability in a country is __________3. Bank draft is an example of __________4. In India, paper currency is known as __________5. Use of Debit and Credit cards are examples of __________6. “Money is what money does”, this definition is given by __________
Money not accounted for in the bank and not disclosed to the government – ___________
Fill up the following Table:Name in the CountryName in Currency1. India ........2. Germany ........3. Japan ........4. Singapore ........5. Malaysia .......6. Saudi Arabia ........7. USA ...........8. UK ........9. Sri lanka .........10. Pakistan ........
What are the advantages of cashless payments or plastic money?
The act of exchanging goods for goods – ___________
Monetary value stored and transferred electronically by means of computer hard drive or servers – ___________
Identify and explain the concept from the given illustrations:To prevent misuse/fraudulent use of the national currency, a note ban is imposed on its use at certain times.
Provision for making payments in future – ___________
System that makes use of currency for facilitating payments – ___________
Money makes the world go round. Explain it in the light of the poet’s experience.