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Question

What kind of system did the villagers of Maharashtra use for everyday transactions?
  1. Currency System
  2. Barter System
  3. Coin System
  4. Service System


Solution

The correct option is B Barter System
Barter system was used by the villagers of Maharashtra for everyday transactions. In trade, barter is a system of exchange where participants in a transaction directly exchange goods or services for other goods or services without using a medium of exchange, such as money.

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