WBCS.LIVE practice question

Which of the following is NOT a drawback of the barter system?

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Lack of a common unit of value.
  2. Surplus goods are replaced with other goods.
  3. Difficulty in contractual payments.
  4. Double coincidence of wants.

Correct answer and explanation

Correct answer: Surplus goods are replaced with other goods.