CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Exchanging goods or services for other goods or services without using money is called _____.


A

Barter system

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B

Money system

No worries! We‘ve got your back. Try BYJU‘S free classes today!
C

Charity system

No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Currency System
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is A

Barter system


Barter is a system of exchange where participants in a transaction directly exchange goods or services for other goods or services without using money.


flag
Suggest Corrections
thumbs-up
1
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
The Concept of Money
MATHEMATICS
Watch in App
Join BYJU'S Learning Program
CrossIcon