Question

Before the invention of currency, people used to exchange goods with commodities which was called barter system. True or false?​

Answer 1

Answer:

true

Explanation:

this statement is true

Answer 2

Answer: True

Explanation:

Barter system was a system of exchange where goods were exchanged for goods and there was no common medium of exchange in the economy. Under this system, people exchanged commodities for commodities to satisfy their wants. Like a person who had 1 kg of rice and wanted 1 kg of wheat could exchange the rice with another person who had 1 kg of wheat and wanted 1 kg of rice instead.