JAMB Economics 2021 Objective — Question 29
Question 29 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2021 Objective paper, with the correct answer and a full explanation.
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29. The major problem of barter system is a. Indivisibility b. Lack of store of value c. Double coincidence of wants d. Lack of standard measurement
- A. Indivisibility
- B. Lack of store of value
- C. Double coincidence of wantsCorrect
- D. Lack of standard measurement
Explanation
Barter requires each party to want exactly what the other is offering at the same time — the problem of double coincidence of wants — which is its major limitation.
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