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Money and Banking — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsMoney and Banking2 Marks
Question
Explain "difficulty in storing wealth" problem faced in the barter system of exchange.
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Answer

Under barter system there were difficulties in storing wealth. Wealth is stored to be used in future. All goods cannot be stored. Perishable goods cannot be stored. All goods cannot be transported from one place to another. All goods may not be acceptable as medium of exchange. No single physical good has all these qualities. So in the barter system of exchange there was difficulty in storing wealth.

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