Question

4. In which of the following systems exchange of goods is done without use of money?(a) Credit system (b) Barter system (c) Banking system (d) Collateral system

Answer 1

Answer:  (b) Barter system

Explanation: A 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.