A problem associated with barter is
COMMERCE
WAEC 2023
A problem associated with barter is
- A. poor road network delaying transportation of goods
- B. inability to measure what is to be exchanged
- C. difficulty in collecting debt
- D. inability to produce enough goods
Correct Answer: B. inability to measure what is to be exchanged
Explanation
The problems or disadvantages of barter system are: no fixed exchange rate, problem of divisibility, double coincidence of want, it waste time and energy etc.
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