What is barter system, exchange of goods and services, only exchange of goods, What is used as a medium of exchange in the monetary system?, Services, Money, What is a major difficulty of the barter system?, Saving money, Double coincidence of wants, In the barter system, determining the value of goods is, Difficult, Easy, Which of the following can be saved and used later?, Barter goods only, Money, Money makes the exchange of goods, More difficult, More convenient, In which system is direct exchange of goods possible?, Monetary system, Barter system, Which system makes exchange easier and more convenient?, Monetary system, Barter system, Which system is widely used today?, Barter and Monetary system, Monetary system
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