CBSE 2017 Class 12 Economics Outside Delhi Set-1

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Question : 7
Total: 18
Explain "difficulty in storing wealth" problem faced in the barter system of exchange.
Solution:  
In the barter system of exchange, it was difficult for the people to store wealth or generalise purchasing power for future use in the form of goods like cattle, wheat, potatoes and other perishable items, etc. Holding of stocks of such goods involved costly storage and deterioration.
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