A barter system is one in which

goods are bought on creditCorrect answerYour answergoods are swapped directly for goodsCorrect answerYour answeronly the government tradesCorrect answerYour answergoods are paid for by chequeCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer B

Correct answer: B

In barter, a farmer trades wheat for cloth directly.

Concept: Barter
Typical timeTypical: 40 s
Your timeYours: —

The rule this testsBarter and its problems

Practise this chapter →

Ten questions from Money and Its Functions, at your own pace.

Practise this chapter →

Ten questions from Money and Its Functions, at your own pace.

Practise this chapter All 57 questions in Money and Its Functions Revise the notes for Money and Its Functions

A barter system is one in which

Explanation