Showing posts with the label macroeconomicsShow all
Money and banking
Money and BankingMacro economics
Money:Money is something which facilitates the transaction of goods and services.Barter System of Exchange:
Barter system of exchange is the system in which commodities are exchanged for commodities. This is also called commodity for commodity exchange economy.Difficulties of Barter System of Exchange:
1. It requires double coincidence of wants which is a rare occurrence.
2. It lacks a common unit of exchange.
3. It lacks the system of future …
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