Problems of Barter System

Absence of common unit of measure

Problem of future payments

Lack of store of value

Lack of double coincidence of wants (correct)

People cannot store generalized purchasing power

Values of different goods and services cannot be compared (correct)

Commodities in the market have fluctuating values

Future payments are not possible

Fluctuating value of stored commodities

Inability to store wealth in a generalized form

High cost of storing goods (correct)

Inability to make future payments

<p>Lack of satisfactory unit for deferred payments</p> Signup and view all the answers

<p>Challenge of finding a trading partner with mutually desired goods</p> Signup and view all the answers