money that is in circulation today was created to reduce the difficulties in _________ system
Answers
Answer:
Money that is in circulation today was created to reduce the difficulties in barter system
Explanation:
In commerce, barter (derived from baretor[1]) is an exchange system in which parties engage in a direct trade of one commodity or service for another without the use of a medium of exchange like money. [2] Barter, for instance, involves instantaneous reciprocal transaction rather than one that is delayed in time, which is one way economists differentiate it from gift economies. Although it may be multilateral, barter often occurs on a bilateral basis (if it is mediated through a trade exchange). Barter often only coexists very minimally with monetary systems in the majority of developed nations.
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