Question

________ is a trade in which goods are exchanged without the use of money .

Answer 1

Barter system is a trade in which goods are exchanged without the use of money.

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Answer 2

Barter is a trade in which goods are exchanged without the use of money.

Barter System:

Bartering is an exchange in trade when goods or services are directly swapped for other goods or services rather without using a medium like money.

Advantages of barter:

• Barter can be used to exchange goods or services when cash is not an option.
• The sole factor that matters when bartering is not money.
• People can exchange what they currently have for what they need through a barter system.

Disadvantages of barter:

• Although barter has played a crucial role in human history for generations, it is ineffective and frequently untrustworthy.
• Barter is unappealing from a commercial standpoint since it does not offer a means of storing value for future use and cannot be utilised as a unit of account.
• Attempts to ensure fair exchanges in a barter system can get very complicated.
• It's crucial to keep in mind that while barter exchanges are ideal, they aren't always feasible if you're engaged in one.

Read more:

1. https://brainly.in/question/9968943

2. https://brainly.in/question/1059563

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