ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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you can use money
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more goods can be acquired
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it is flexible in trading goods or services
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it is a quick process of trade
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Detailed explanation-1: -Bartering is usually flexible, as it allows the exchange of goods or services anywhere and at any time. You can exchange similar goods, such as shoes for a pair of slippers, or trade different types of items, such as a car, for a piece of land.
Detailed explanation-2: -Barter is an act of trading goods or services between two or more parties without the use of money-or a monetary medium, such as a credit card. In essence, bartering involves the provision of one good or service by one party in return for another good or service from another party.
Detailed explanation-3: -Other disadvantages of the barter system are inability to make deferred payments, lack of common measure value, difficulty in storage of goods, lack of double coincidence of wants.
Detailed explanation-4: -Key Takeaways Barter is an alternative method of trading where goods and services are exchanged directly for one another without using money as an intermediary.