ICSE Class X Economics 2019 Solved Papers
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Briefly explain the following with reference to the barter system of exchange :
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Question : 28
Total: 40
Lack of standard of deferred payments.
Solution:
Lack of Standard for Deferred Payments : There was no stability in the value of the goods. Quality of different type of goods also does not remain the same. It was very difficult to make deferred payments in the form of goods i.e., future payments were difficult to settle.
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