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Question
What is meant by the Barter system?
One Line Answer
Solution 1
Goods were exchanged for goods prior to the invention of money.
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Solution 2
Barter is an alternative method of trading where goods and services are exchanged directly for one another without using money as an intermediary. It is an old method of exchange. People exchanged services and goods for other services and goods in return.
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Barter System
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