Question

what is barter system ? Does it prevail now also,if yes then in which form ?​

Answer 1

Answer:

A barter system is an old method of exchange. Th is system has been used for centuries and long before money was invented. People exchanged services and goods for other services and goods in return. ... The value of bartering items can be negotiated with the other party.

Answer 2

Answer:

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A barter system is an old method of exchange. Th is system has been used for centuries and long before money was invented. People exchanged services and goods for other services and goods in return. The value of bartering items can be negotiated with the other party.

Barter system is still used in malaysia and greece. China and Iran are discussing an oil barter. Tehran and beijing are in talks about using a barter system to exchange Iranian oil for Chinese goods and services.