Editing Barter (section)

===Limitations===
The limitations of barter are often explained in terms of its inefficiencies in facilitating exchange in comparison to money.

It is said that barter is 'inefficient' because:

;There needs to be a 'double coincidence of wants'
: For barter to occur between two parties, both parties need to have what the other wants.
;There is no common measure of value/ No Standard Unit of Account
: In a monetary economy, money plays the role of a measure of the value of all goods, so their values can be assessed against each other; this role may be absent in a barter economy.
;Indivisibility of certain goods
: If a person wants to buy a certain amount of another's goods, but only has for payment one indivisible unit of another good which is worth more than what the person wants to obtain, a barter transaction cannot occur.
;Lack of standards for deferred payments
: This is related to the absence of a common measure of value, although if the debt is denominated in units of the good that will eventually be used in payment, it is not a problem.
;Difficulty in storing wealth
: If a society relies exclusively on perishable goods, storing wealth for the future may be impractical.  However, some barter economies rely on durable goods like sheep or cattle for this purpose.<ref>Robert E. Wright and Vincenzo Quadrini. Money and Banking.[http://www.saylor.org/site/wp-content/uploads/2012/06/ECON302-1.3.pdf Chapter 3, Section 1: Of Love, Money, and Transactional Efficiency] Accessed 29 June 2012</ref>