| Statement |
True |
False |
| a) It is difficult to have double coincidence of wants/lacks of matching wants. |
|
|
| b) It requires a common medium of exchange for trade to take place. |
|
|
| c) It acts as a store of value for commodities involved in trade. |
|
|
| d) Indivisibility of certain goods necessitates the smooth running of trade |
|
|
| e) It lacked a unit of account for determining the value of goods and services. |
|
|
| f) It enhances social interactions between the parties involved. |
|
|
| g) It does not present a good standard for deferred payment. |
|
|
| h) It presented a suitable standard of measure of value. |
|
|