Question

Difference between money and barter system

Answer 1

Answer:

Explanation:

A monetary system involves money whereas a barter system requires a direct exchange of goods or services. ... A monetary system involves money whereas a barter system requires a direct exchange of goods or services.

In trade, barter (derived from baretor) is a system of exchange where participants in a transaction directly exchange goods or services for other goods or services without using a medium of exchange, such as money.

Answer 2

The main difference between an exchange and a financial system is that the financial system uses the agreed form of the paper or currency as an exchange system rather than directly trading goods and services in the exchange.