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Question

Ted trades his crayons with his friend for a dozen baseball cards. This is an example of ___ system.


A

Money

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B

Barter

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C

Economic

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D

Currency

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Solution

The correct option is B

Barter


Barter system refers to the system of exchange of goods without the use of money.

Since Ted is exchanging crayons with baseball cards, it is an example of barter system.


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