Which of the following best explains how a barter system works?

A. A central bank controls the kinds of monetary exchanges that take place.

B. Workers don't specialize in particular tasks in the productive process.

C. Government planners issue commands to all producers.

D. Goods and services are exchanged without the use of money.

Question

History

Belen Stewart

24 September, 14:38

Which of the following best explains how a barter system works?

A. A central bank controls the kinds of monetary exchanges that take place.

B. Workers don't specialize in particular tasks in the productive process.

C. Government planners issue commands to all producers.

D. Goods and services are exchanged without the use of money.

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Answers (1)

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Izabella Parrish · Answer 1

The correct answer is D.

A barter system is reliant on trading goods or services only. This is much more rare in today’s society. However, during the colonial era in the United States this was a popular means to acquire goods and resources.