What is the barter system? How did the currency remove ifs different?
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What is the barter system? How did the currency remove ifs different?

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Under barter system, goods are exchanged for goods, Money has removed all the difficulties of barter because after the birth of money the value of everything can be measured by money

  1. Money has removed the difficulty of measuring value
  2. The difficulty of double coincidence is eliminated by the use of money
  3. The difficulty of division of goods have been removed by money
  4. Money has also solved the problem of accumulation.

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