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Question
Zuben trades his goods for Andy’s services.This is an example of ___ system.
Zuben trades his goods for Andy’s services.This is an example of
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Solution
The correct option is A Barter
When money is not involved in exchange, it is referred to as the Bartering. Here, Zuben and Andy do not use money to trade. Hence, this is an example of Barter system.
Barter
When money is not involved in exchange, it is referred to as the Bartering. Here, Zuben and Andy do not use money to trade. Hence, this is an example of Barter system.
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