Question

08. Why did the bart
er system of exchange. prevail in India​

Answer 1

Answer:

Barter system in india

The ancient rise of barter system prevailed, mainly from the lack of a common unit of currency. the exchange system worked on the mutual need of trading parties for their goods and services. ... advertising agencies avail goods and services in exchange for ads and other media needs.

Answer 2

Explanation: Barter System

• Barter system is a method of trade in which goods and services are exchanged without any monetary usage.
• This system was used for centuries and long before money was invented.
• People exchanged goods and services for other goods and services in return as their was no established rate of exchange.
• The ancient barter system prevailed mainly because of the lack of a common unit of currency or exchange.

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