What is barter?

a. a means for comparing the values of goods and services

b. something that keeps its value if it is stored rather than used

c. anything that serves as a medium of exchange, a unit of account, and a store of value

d. the direct exchange of one set of goods or services for another

Question

Social Studies

Slade Wang

27 September, 06:17

What is barter?

a. a means for comparing the values of goods and services

b. something that keeps its value if it is stored rather than used

c. anything that serves as a medium of exchange, a unit of account, and a store of value

d. the direct exchange of one set of goods or services for another

+1

Answers (2)

Know the Answer?

Avah Sanders · Answer 1

The correct option is D.

In a barter system, goods and services are exchanged for other goods and services without making use of any medium of exchange such as money. For instance, five big tubers of yam may be exchange for a chicken, if the exchange condition is acceptable to the contracting party. The exchange typically take place immediately and not on a future date.

Zackary Powell · Answer 2

The answer you're looking for is D, The direct exchange of one set of goods or services for another

What is barter?a. a means for comparing the values of goods and servicesb. something that keeps its value if it is stored rather than usedc. anything that serves as a medium of exchange, a unit of account, and a store of valued. the direct exchange of one set of goods or services for another