WorksheetsBarter
Total questions: 11
Worksheet time: 6mins
Barter is the
(a)
In barter their money alternative was
shells
coins
gold
(other) goods and services
Advantages :)
allowed for the reduction of surplus production
avoided waste
the products could be stored for long periods of time
Disadvantages :(
there was no increased availability of goods
double coincidence of wants didn't matter
There was no common exchange rate
The barter system is the exchange of goods and cash.
True
False
there are no problem faced when people are using barter system.
True
False
barter system needs at least three parties.
True
False
Which of these is an exchange of a service?
fixing your computer
an iPhone
Which of these is an example of a good?
babysitting
an iPad
Before money was invented people had to _____.
Barter
Buy
The act, process or business of buying, selling or exchanging goods and services is called ___________.
trade
barter
