Question

differentiate between monetary system and barter system​

Answer 1

Answer:

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Explanation:

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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Answer 2

ANSWER:

We distinguish between the two in the following way. In a direct barter economy, the goods one owns are exchanged for the goods one desires.

In a monetary system is a system by which a government provides money in a country's economy. Modern monetary system usually consist of the national treasury the mint, the central banks and commercial banks.

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