Question

Mention any two Mathematical
examples by which you can introduce
“Barter System” in 21st century.

Answer 1

Answer:

The transactions involving money are :

1) Goods are being bought and sold with the use of money.

2) Services are being exchanged with money.

3) Goods are also bought with a promise to pay money later.

4) Money is sometimes paid as advance with the promise of delivery of goods later.

Answer 2

Answer:

examples are mentioned below .

Step-by-step explanation:

Solution :-

• In this arrangement , goods and services are traded for goods and services .
• examples are :-

1. Books in exchange of bananas .
2. giving the place on rent to the bank , and in return the credit taken is cut out from the rent itself .
3. suppose , a plumber does the work of repairing a faucet for about 2000/- , then instead of giving the cash , a person being a farmer can give 2000/- worth of its produced goods .

These could be some of the examples of the Barter system .

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