Fill in the Blanks

1. …………. implies the direct exchange of goods against goods without the use of money.

2. …………. may be defined as anything which is generally accepted by people in exchange of goods and services or in repayment of debts.

3. In India, the law legalises the use of …………. as a medium of payment that cannot be refused in settling any transaction.

4. Money as a medium of exchange has removed the problem of …………. of wants.