Question

explain bartering And commodity money

Answer 1

Barter is a system of exchange where goods or services are directly exchanged for other goods or services without using a medium of exchange, such as money.

Answer 2

Commodity money is money whose valuecomes from a commodity of which it is made. Commodity money consists of objects that have value in themselves (intrinsic value) as well as value in their use as money.[1]

Example of commodities that have been used as mediums of exchange include gold, silver, copper, salt, peppercorns, tea, large stones (such as Rai stones), decorated belts, shells, alcohol, cigarettes, cannabis, silk, candy, nails, cocoa beans, cowries and barley. These items were sometimes used in a metric of perceived value in conjunction to one another, in various commodity valuation or price systemeconomies.



Barter is a system of exchange where goodsor services are directly exchanged for other goods or services without using a medium of exchange, such as money.[1] It is distinguishable from gift economies in many ways; one of them is that the reciprocal exchange is immediate and not delayed in time.[citation needed] It is usually bilateral, but may be multilateral (i.e., mediated through a trade exchange) and, in most developed countries, usually only exists parallel to monetary systems to a very limited extent. Barter, as a replacement for money as the method of exchange, is used in times of monetary crisis, such as when the currencymay be either unstable (e.g., hyperinflation or deflationary spiral) or simply unavailable for conducting commerce

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