Bartering

Any commodity accepted as a measure of value and a medium of exchange is called?

• trade

• paper

• money

• finance

Double coincidence of wants is an issue associated with the system of

• barter

• sale

• tranfer

• donation

Advantage/s of Barter is/are _______.

• flexible

• non-monetary

• both

An example of bartering is John paying $50 for a car truck. __________

• FALSE

• TRUE

Trading my cow for two bag of rice is a disadvantage in bartering called no fairness in trade. ______________

• TRUE

• FALSE

Bartering was started by the natives Amerindians. _______________

• TRUE

• FALSE

The exchange of goods without the use of money is defined as

• Purchase

• Barter

• Exchange

• Sell