Chapter 3

NCERT
Class 10
Economics
Solutions
1. How does the use of money make it easier to exchange things?

Question:

How does the use of money make it easier to exchange things?

Answer:

With the use of money, the need for double coincidence of wants and the difficulties of the barter system have ended. In this way, the use of currency facilitates the exchange of goods. Example – A wheat seller wants to buy shoes in exchange for wheat. In the barter system, it would be difficult for him to find such a person who would take wheat from him and give him shoes in return, but the use of currency would solve his problem. Now the wheat seller will get money by selling wheat and with that money he will be able to buy shoes.

Buy Latest Books

Teacher's Corner