Question

Write short note on exchange method before the introduction of coins.

Answer 1

Before the usage of coins, people could have used some techniques to trade.

They might have exchanged goods without the use of coins.

If a commodity is sold, in returns some other goods are given for the same value instead of any coins or currencies.

This kind of trading may be referred to as the exchange methods.

This system of exchange without using an intermediate coins or currencies is known as the barter system."