Question

What is the trade in which goods are exchanged without the use of money?

Answer 1

Trading in which goods or services are exchanged without the use of cash is called barter system

Answer 2

The barter system is the trade in which goods are exchanged without the use of money.

• Earlier when the concept of currency was not introduced, people exchanged things of value to fulfil whatever needs arose.
• This included exchanging grains, food items, clothes, animals, precious stones, etc.
• However, it was time taking to find a suitable buyer for the thing a person was selling.
• So, money was not used to buy and sell and was introduced much later.