Economics · Money and Banking

Which of the following statements about the barter system is true?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1This system can only be operated within highly advanced modern digital economies.
2It is a trade system in which goods and services are directly exchanged without the use of money.✓
3It is a trade mechanism where goods are exchanged with the explicit use of money.
4It is a system where goods are exchanged using cryptocurrencies.

Correct answer

It is a trade system in which goods and services are directly exchanged without the use of money.

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