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Define barter exchange...

Define barter exchange

Text Solution

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It refers to exchange of goods for goods (C-C economy)
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There is no common denomination under barter exchange to express the exchange ratios.

Lack of double coincidence of wants exists in barter exchange as all commondities are not of equal value.

Knowledge Check

  • Which one of these is a limitation of the barter exchange

    A
    Lack of double coincidnece of wants
    B
    Lacks of store of value
    C
    Lack of common measure of value
    D
    All these

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    Define fixed exchange rate.

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    Define flexible exchange rate system OR What is floating rate ?

    State the limitations of Barter Exchange

    Give the meaning of: (i) Barter Exchange, (ii) Money, (iii) Money Supply.

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