A medium of exchange
If you have money to buy goods and services you are said to be 'solvent'. When you have no money to by goods and services you are said to be 'insolvent'.
It's called TRADE BY BARTER.
Revenue
A barter system, where people trade their goods and services for other goods or services as opposed to trading goods and services for money.
A purchase.
If you have money to buy goods and services you are said to be 'solvent'. When you have no money to by goods and services you are said to be 'insolvent'.
1. Money is what money does. 2. Accepted for the payment of Goods and services.
It's called TRADE BY BARTER.
it's money
Revenue
A person who lends money is called a money lender or a Creditor. A person who lends the use of goods and services is called a Renter or a Seller.
Money is any medium that is universally accepted in an economy by sellers of goods and services as payment and by creditors as payment for debts.
A barter system, where people trade their goods and services for other goods or services as opposed to trading goods and services for money.
A purchase.
Unit of Account
Trading without the use of money is called bartering. In bartering, goods or services are exchanged directly for other goods or services without using a medium of exchange like money.
By the amount of goods or services you can buy for it. By the amount of goods or services you can buy for it. By the amount of goods or services you can buy for it. By the amount of goods or services you can buy for it.