What is barter trade? – InterviewSolution

InterviewSolution

1.	What is barter trade?
Answer» In ancient and medieval periods, trade was done through barter system. Barter trade means exchange of commodities for commodities without using money, is a medium. For eg. grains in exchange of work done or salt exchanged for oil. But it created the problem of estimating the price of a commodity correctly. As a result, currency started being used.

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