Advertisements
Advertisements
प्रश्न
What is a barter system?
Advertisements
उत्तर
A barter system is a system that was used in ancient times to exchange goods. In other words, this system was used to exchange one commodity for another before the monetary system came into existence. For example, if a person having rice wants tea, then he can exchange rice with a person who has tea and needs rice. The economy having the barter system was called the ‘C-C economy’, i.e., a commodity is exchanged for a commodity.
APPEARS IN
संबंधित प्रश्न
Explain the 'medium of exchange' function of money. How has it solved the related problem created by barter?
Write answer in 'one' or 'two' paragraph .
Explain the primary functions of money.
Answer the following question
What are the contingent functions of money?
Explain primary, secondary and contingent functions of money.
Identify the correctly matched pair of items in Column A to that of Column B.
| Column A | Column B | ||
| 1. | supply of money | a | Money in circulation at a point |
| 2. | Stock of Money | b | Supply of money considered over a period |
| 3. | Flow of Money | c | Money held by Public and the Bank today |
| 4. | Reserve Money | d | Supply of money studied at a point of time |
‘Money is an asset which can be stored for use in future.
In the light of given statement, identify the function of money.
Which function of money helps avoid the problem of finding someone who wants exactly what you offer in exchange?
What does money provide when individuals compare prices to determine the worth of goods?
Which function of money makes it possible to save now and spend later for future needs?
Paying rent each month is an example of which primary function of money?
Why is money called the most liquid asset?
Which function of money is used when a person sells vegetables for cash and then buys clothes?
The total income of a country expressed in money terms represents which function of money?
Banks use public deposits of money to create loans. Here money is mainly acting as ______.
