CIVILIZATION
PHOENICIAN
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A student on the bus gives you one cookie and you promise to give them a stick of gum later. This is an example of what?
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bartering
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money economy
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colony
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None of the above
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Explanation:
Detailed explanation-1: -The only way to buy goods was to exchange them with personal belongings of similar value. For example-A farmer gives his cattle in exchange for some land, and so on. In simple words, any exchange of goods and services for other goods and services without exchanging any form of money is known as the Barter system.
Detailed explanation-2: -Direct Barter – two or more parties directly trading items or services. Managed Barter or Retail Barter –conducted between small businesses via a locally organized Trade Exchange. More items
There is 1 question to complete.