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Q.

Which one of the following is NOT a limitation of the barter system?

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a

Lack of double coincidence of wants

b

Certain products can’t be divided

c

Lack of common unit of value

d

None of the above

answer is D.

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Detailed Solution

The barter system suffers from the following limitations:
1)      Lack of double coincidence of wants
2)      Lack of common unit of value
3)      Products cannot be divided
4)      Lack of store of value
Thus, all the given options are limitations of the barter system of exchange.
Due to the above limitations, the barter system was eliminated, and money was introduced. Money seemed to have overcome all the limitations of the barter system.

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