| Column I | Column II | ||
| (A) | Contracts involving future payments were not possible under barter system. | 1. | Lack of common measure of value |
| (B) | Under barter system, it was difficult for people to maintain wealth. | 2. | Double coincidence of wants |
| (C) | Barter system was possible only when both buyer and seller were ready to exchange each other's goods. | 3. | Lack of standard of deferred payments |
| (D) | Under barter system, it was difficult to know about how much of one commodity should to given to exchange other commodity. | 4. | Lack of store of value |
A) A - 3, B - 4, C - 2, D - 1
B) A - 1, B - 2, C - 4, D - 3
C) A - 4, B - 2, C - 1, D - 3
D) A - 2, B - 3, C - 1, D - 4
Correct Answer: A
Solution :
[a] A - 3, B - 4, C - 2, D - 1
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