ECONOMICS
MONEY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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trade
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fiat
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monetary
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specie
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Detailed explanation-1: -Which is a good synonym for the word barter in the term barter economy? trade. Which statement best explains why money was invented? Money was invented to facilitate the exchange of goods and services.
Detailed explanation-2: -bargain. verbnegotiate terms of sale or agreement. agree. arrange. barter.
Detailed explanation-3: -A barter economy is a cashless economic system in which services and goods are traded at negotiated rates. Barter-based economies are one of the earliest, predating monetary systems and even recorded history. People can successfully use barter in many almost any field.
Detailed explanation-4: -: to trade by exchanging one commodity for another : to trade goods or services in exchange for other goods or services. farmers bartering for supplies with their crops. bartered with the store’s owner. transitive verb.