Question

Q5. is the exchange of a good or
service for another good or service,
a bag of rice for a bag of wheat.
Credit
Barter
ОООО
Debit
Charter​

Answer 1

Answer:

barter system

Explanation:

it is the exchange for another good or service

also called double coincidence of wants

Answer 2

Answer:

Barter is the exchange of one good or service for another good or service, as well as the query.

Explanation:

There was no standard medium of exchange in the economy when items were traded under the barter system of exchange. To fulfil their needs, people traded one good for another under this arrangement. When two or more parties exchange products and services without using cash, this is known as bartering. The first form of commerce is bartering. Based on comparable assessments of prices and items, people and businesses exchange goods and services.

Using a barter system, items can be traded without the use of money.

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