What were the main challenges of the barter system, and how did money address these issues?

The barter system faced challenges such as the double coincidence of wants, where both parties needed to have what the other wanted.

• There were also issues with measuring value, dividing goods, and portability.
• Money addressed these by providing a universally accepted, portable, divisible, and durable medium of exchange.

· It allowed for easy transactions, saving, and future payments, making trade more efficient.