Question

In which of the following cases, things can be traded?

• A. Hitesh and Ali decided to exchange 1kg rice for one earthen pot.
  
• B. Jamshed wishes to get two popcorn packet in exchange of 1 chocolate, but his friend wishes to give only one popcorn packet.
  
• C. Harish wishes to give 12 bananas in exchange of 12 apples, but his friend disagrees.
  
• D. Poor Abhijeet thanked his friend Rohit for donating blood for his baby's treatment.
  

Answer 1

The correct option is A Hitesh and Ali decided to exchange 1kg rice for one earthen pot.


A barter system is exchanging goods or services for other goods or services without using money. For a barter process, each party should be willing to exchange goods. People are mostly interested in exchanging when the commodity they are getting is about equal in value to the commodity they are delivering. Also the exchange of goods or service shall be from both sides and not from one side.