Question

5 different between inflation and barter system

Answer 1

INFLATION

Inflation is the decline of purchasing power of a given currency over time. The rise in the general level of prices, often expressed a a percentage means that a unit of currency effectively buys less than it did in prior periods.

BARTER SYSTEM

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

HOPE IT HELPS UH!!