Economics · Money and Banking

Which historical system of exchanging goods directly for other goods was replaced by modern money as a medium of exchange?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Barter system✓
2Loan transaction system
3Credit system
4Indigenous banking system

Correct answer

Barter system

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Which historical system of exchanging goods directly for other goods was replaced by modern money as a medium of exchange?

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Which historical system of exchanging goods directly for other goods was replaced by modern money as a medium of exchange?

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