Question

A system where goods were exchanged without using

money is batter known as

(a) goods system (b) exchange system

(c) barter system (d) no-money system​

Answer 1

Barter System...

I guess!!

Answer 2

A system where goods were exchanged without using money is better known as

(a) goods system (b) exchange system

(c) barter system (d) no-money system

The correct answer is :

(c) barter system

Explanation :

• A system where goods were exchanged without using money is better known as Barter System.
• In the Barter system goods and commodities are exchanged without the use of money.
• In the barter system, goods and goods were exchanged without money, so the third option would be correct.
• This system was an ancient system when money was not so prevalent and only goods were used for barter.

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