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The Barter System

Authored by Nickala Rowe

Business

11th Grade

Used 12+ times

The Barter System
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5 questions

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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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