Gunwant exchanges his shells with Niharika's coffee. What system is this?
A
Trading
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B
Barter system
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C
Net banking
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D
Gifting
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Solution
The correct option is B Barter system Direct exchange of goods is referred to as the barter system. This was the first form of trade. Here, Gunwant and Niharika exchanged their goods without the involvement of money.