Barter system refers to that system wherein:

goods are exhanged for goods

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goods are not exchanged at all

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goods are exchanged for domestic currency

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goods are exchanged for foreign currency

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Solution

The correct option is A
goods are exhanged for goods

Barter system refers to a system in which goods are exchanged for other goods.

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A system in which goods and services are exchanged for other goods and services is called the ___ system.

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