which system of exchange was prevalent in times of ancient civilization
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Explanation:
Bartering
Bartering is trading services or goods with another person when there is no money involved. This type of exchange was relied upon by early civilizations..
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The system of exchange that was prevalent in ancient civilization was the Barter System.
- An old form of trade is the barter system.
- This system was used for centuries during ancient civilization, long before the invention of money.
- Under the barter system, people used to exchange the commodities in return for other commodities
- Generally, in ancient times, bartering included people in the same region so as to be an easy exchange process.
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