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22 April, 17:11

Which of the following is an example of the barter system?

A. investing money in the stock market

B. taking a friend to lunch in return for a favor

C. paying $120 for a pair of diamond studded shoes

D. exchanging a twenty dollar bill for two ten dollar bills

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Answers (1)
  1. 22 April, 18:54
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    B. Taking a friend to lunch in return of a favor

    Explanation:

    Barter System is direct commodity / service to commodity/service exchange, without using money as an intermediary exchange medium. It is also called C to C exchange.

    Eg : Two farmers exchanging their wheat & rice, A teacher teaching grocers' child in exchange of groceries from him.

    So : A. Simple Investment, C. Money Purchase, D. Money Denomination exchange - neither are examples of Barter System.

    B. Paying off a friend's favour in exchange of a service (being service-service exchange) is a relatable example.
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Home » Business » Which of the following is an example of the barter system? A. investing money in the stock market B. taking a friend to lunch in return for a favor C. paying $120 for a pair of diamond studded shoes D.
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