Asked by
Kiana Foster
on Nov 11, 2024Verified
Barter occurs when:
A) two people share everything.
B) one product is exchanged directly for another product.
C) money is used to buy goods.
D) money is exchanged directly for other money.
E) goods are used to buy money.
Barter
A system of exchange where goods or services are directly exchanged for other goods or services without using a medium of exchange, like money.
Directly Exchanged
A situation where goods or services are exchanged without the use of money as an intermediary.
- Comprehend the fundamental principles of the barter system and identify its constraints relative to trading with currency.
Verified Answer
HT
Learning Objectives
- Comprehend the fundamental principles of the barter system and identify its constraints relative to trading with currency.