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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
NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789
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Correct Answer: Option B
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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NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789
Join your school's WhatsApp group
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts