Money and Banking Important Questions for class 12 economics Barter System and Money 1. Barter System: It is a system of exchange, where goods are exchange for goods, also known as c-c economy. Where c stands for commodity. 2.Drawbacks of Barter System of Exchange (i) Lack of double coincidence of wants (ii) Lack of common measures of value (iii) Lack of store of value … [Read more...]