The Barter System
Quiz
•
Business
•
11th Grade
•
Medium
Nickala Rowe
Used 11+ times
FREE Resource
5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Define the Barter System
Barter is an act of trading goods or services between two or more parties without the use of money
Barter system is the process by which Goods and Services are bought with Gold or Money
The Barter system is the act of stealing one's Goods and selling it as your own
The Barter System is the act of auctioning goods and services to the wealthy folks
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Select one disadvantage of the Barter System
Double Coincidence of wants
Goods are not real
Unfair Service
Services are unfair
3.
FILL IN THE BLANK QUESTION
1 min • 1 pt
List one item that was exchanged in the Barter System( General or Broad heading)
4.
FILL IN THE BLANK QUESTION
20 sec • 1 pt
Instead of the Barter system, we now use?
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Select one advantage of the Barter System
Barter System is Flexible
It was fair
No one was considered as broke
There was always something to exchange
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