Ask Question
BusinessBusiness
4 May, 22:35

Which of the following is an example of the barter system

+5
Answers (1)
  1. 5 May, 01:03
    0
    Barter system is a system of exchanging goods and services without using monetary currencies.

    For example:

    Farmer 1 has a cow and Farmer 2 has a chicken. Farmer 1 goes to Farmer 2 to barter with him. Farmer 1 offers 1 gallon of milk for one dozen of chicken eggs. Farmer 2 accepts the offer and goods are exchanged. That is a barter.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which of the following is an example of the barter system ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Lily sells loose tea for $0.71 per gram. If one gram is equivalent to 0.035273 ounces, how much does it cost to buy 0.45 pounds of Lily's tea? a. $108.70 b. $144.93 c. $536.77 d. $715.69
Answers (2)
1. The headline of a print advertisement should : include the company's name. include the company's website address. grab the reader's attention. be as large as possible. $6,000 to $18,000. $10,000 to $25,000.
Answers (2)
How is the measure of occupational prestige determined? a. Employers are asked how prestigious they believe their businesses are. b. Jobs are ranked according to how much they are paid. c. Employees are asked to evaluate the prestige of their jobs.
Answers (1)
The goals of monetary policy for most central banks include: A. high employment B. stability of financial markets C. output stability D. Both A and B are correct E. All of the above are correct
Answers (1)
If the government removes a $4 tax on buyers of restaurant meals and imposes the same 4 tax on sellers of restaurant meals, then the price paid by buyers will A. decrease, and the price received by sellers will decrease. B.
Answers (1)
New Questions in Business
How much time of education does it take to be a mechanical engineer
Answers (1)
Assume that Sheridan Company uses a periodic inventory system and has these account balances: Purchases $392,500; Purchase Returns and Allowances $11,900; Purchase Discounts $6,200; and Freight-in $17,100.
Answers (1)
Abc company, which is headquartered in the united states, has production plants in mexico and vietnam. according to this information, abc company is
Answers (2)
What is rust scientifly known as?
Answers (1)
Monika's gift barn has cash of $316, accounts receivable of $687, accounts payable of $709, and inventory of $2,108. what is the value of the quick ratio?.23.45.71 1.41 4.38
Answers (1)
Home » Business » Which of the following is an example of the barter system
Sign Up Forgot Password?