Question

Which of the following can be a mode of payment for purchasing goods in barter system.

• A. Exchage of service for other service in return
• B. Trust factor between buyer and seller
• C. Taking the goods or service for free
• D. Exchage of goods for other goods in return

Answer 1

Answer: (A), (D)

The correct options are
A Exchage of service for other service in return
D Exchage of goods for other goods in return

The barter system is an old method of exchange. This system has been used for centuries and long before money was invented. People exchanged services and goods for other services and goods in return.