Question

differentiate between barter system and monetary system​

Answer 1

Explanation:

*In a barter system, exchange cannot take place if the parties do not agree to buy each others goods. *Therefore, double coincidence of wants is a must in a barter system. Money system: * In an economy that uses money, things are exchanged , using money as a medium.

Answer 2

Answer:

The primary difference between barter and currency systems is that a currency system uses an agreed-upon form of paper or coin money as an exchange system rather than directly trading goods and services through bartering.

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