Question

what is the meaning of barter system??​

Answer 1

Answer:

Barter is an act of trading goods or services between two or more parties without the use of money —or a monetary medium, such as a credit card.

Answer 2

Explanation:

The barter system is a system of exchange, which was prevalent in the world centuries ago, before the introduction of the monetary system. In this arrangement, goods and services are traded for goods and services. This means that the parties exchange each other’s commodity directly without any mediation of money on the basis of equivalent estimates of price and goods.

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