Economics · Basic Concepts
What is the primary characteristic of the 'barter system' of exchange?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Sale of agricultural commodities exclusively in exchange for precious metals
- 2A system where no transactional buying or selling takes place
- 3Direct exchange of goods and services for other goods and services without using money✓
- 4Purchase of goods and services through paper money or digital currency
Correct answer
Direct exchange of goods and services for other goods and services without using money
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