A system where good are exchanged for goods is called ______ system

1.	A system where good are exchanged for goods is called ______ system
Answer» rong>Answer A system where good are exchanged for goods is called barter system. Know More ✔A barter system is an old method of exchange. ✔This system has been USED for CENTURIES and LONG before money was invented. ✔People exchanged SERVICES and goods for other services and goods in return. ✔An example of barter system is two cows provided in exchange for 4 goats.

Answer»

rong>Answer

A system where good are exchanged for goods is called barter system.

Know More

✔A barter system is an old method of exchange.

✔This system has been USED for CENTURIES and LONG before money was invented.

✔People exchanged SERVICES and goods for other services and goods in return.

✔An example of barter system is two cows provided in exchange for 4 goats.