Barter System
Trending Questions
Q.
What is meant by the barter system?
Q.
What is the difference between trade and business?
Q. The buying and selling of goods is called
- barter system
- trade
- import
- export
Q. Which of the following statements is true about trade?
- Trade is the buying and selling of goods only.
- Trade is the buying and selling of both goods and services.
- Trade happens only if goods and services are exchanged for money.
- Trade helps in fulfilling the needs of the people.
Q. Barter system is no longer used as a medium of exchange as there is no
- exact rate of exchange
- safety and security
- use of coins
- acceptability
Q. In which system were goods exchanged for other goods?
- Barter system
- Cowry shells
- Cryptocurrency
- Bretton Woods system
