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Question Practice

One key advantage of money is its ability to act as a?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA

Exploring Society India and Be...

From Barter to Money

One key advantage of money is ...

Single Answer MCQ

Q-00130423

One key advantage of money is its ability to act as a?

1

Medium of exchange

2

Standard of barter

3

Rate of return

4

Barter commodity

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Continue with nearby questions to strengthen the same chapter concept while you still have the context fresh in mind.

Q1.

What is the barter system?

Single Answer MCQ

View explanation

Q2.

Which of the following is a limitation of the barter system?

Single Answer MCQ

View explanation

Q3.

In the barter system, which item listed was commonly used as a commodity?

Single Answer MCQ

View explanation

Q4.

What problem does the term 'portability' refer to in the barter system?

Single Answer MCQ

View explanation