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WorksheetsBartering
Total questions: 7
Worksheet time: 4mins
Name
Class
Date
1.
Any commodity accepted as a measure of value and a medium of exchange is called?
a)
trade
b)
paper
c)
money
d)
finance
2.
Double coincidence of wants is an issue associated with the system of
a)
barter
b)
sale
c)
tranfer
d)
donation
3.
Advantage/s of Barter is/are _______.
a)
flexible
b)
non-monetary
c)
both
4.
An example of bartering is John paying $50 for a car truck. __________
a)
FALSE
b)
TRUE
5.
Trading my cow for two bag of rice is a disadvantage in bartering called no fairness in trade. ______________
a)
TRUE
b)
FALSE
6.
Bartering was started by the natives Amerindians. _______________
a)
TRUE
b)
FALSE
7.
The exchange of goods without the use of money is defined as
a)
Purchase
b)
Barter
c)
Exchange
d)
Sell
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