advantages an disadvantages of the bill of exchange as against other forms of payments?

Answer 1

Bills of Exchange == (physical) money.

The other form is 'Barter' where goods & services are 'swapped ' = see link 1 below

Many local 'Barter' systems (generically known as LETS = see link 2 below), exist, where people exchange goods & services amongst themselves using a 'credit/debit' system.

The main difference is that you pay Tax (VAT) on Money ...

Answer 2

1

Answer 3

Electronic payments are obviously the most efficient and the most desirable for larger companies.

Currency will likely never go out of use simply because there are some people who will never have access to electronic markets.