Question

Explain barter system.
Grade 5​

Answer 1

Answer:

Bartering is the exchange of goods and services between two or more parties without the use of money. ... Individuals and companies barter goods and services between each other based on equivalent estimates of prices and goods.

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Answer 2

Barter is a system where goods are exchanged without the use of money. ... Money is a medium of exchange, whereas in the barter system, money is not used as a medium of exchange, rather one type of goods is exchanged for another type of goods. An example of a barter system is selling rice to



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