0
This is called the barter system.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
The form of trade without the use of money?
If money was absent in society, the main form of trade would be Barter.Barter : Exchange (goods or services) for other goods or services without using money.This still happens in the world today in some aboriginal/indigenous/minor groups.
What did ancient sumerians practice when they traded goods and services without using money?
Barter
What best describes the exchange of currencies?
In currency exchange, money from one country is bought using money from another country.
What are the limitations of the barter system?
Limitation of barter system:Barter is a method of exchange by which goods or services are directly exchanged for other goods or services without using a medium of exchange,There have some limitation:1) Desirability2)Transferability3)Divisibility4)Coincidence of demand5)Problem with valuation6)Storage problem7)Carrying problem
Describes the exchange of currencies what best describes the exchange of currencies?
Money from one country is bought using money from another country.
Trading without the use of money is called?
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.
What is an economic system in which people exchange goods without using money?
Bartering
What did roman people do to exchange goods without using money?
The Romans did have money. They had quite a range of coins. When the coins became worthless during the Crisis of the Third Century due to hyperinflation, barter was often used.
The form of trade without the use of money?
If money was absent in society, the main form of trade would be Barter.Barter : Exchange (goods or services) for other goods or services without using money.This still happens in the world today in some aboriginal/indigenous/minor groups.
What did ancient sumerians practice when they traded goods and services without using money?
Barter
What is the alternative to using money?
The alternative to using money is to trade. Rather than using money as a measure of value people trade goods and services for other goods and services. If I offer to clean your house in exchange for you repairing the brakes on my car, that is an example of trading. With money, this transaction would still be the same, but money would represent the value passed between people. I would give you money for repairing my car and then you would give it back to me when I cleaned your house.
What was trade in South Africa like in the olden days?
In the olden days, the form of trade that existed in South Africa was barter trade. This means that instead of using money, people would exchange goods for other goods or services.
What best describes the exchange of currencies?
In currency exchange, money from one country is bought using money from another country.
Create a sentence using Columbian Exchange?
Columbian Exchange is something that Columbian used to exchange goods, they imported and exported all types of food and utensils.
What is money to the US?
The alternative to using money is to trade. Rather than using money as a measure of value people trade goods and services for other goods and services. If I offer to clean your house in exchange for you repairing the brakes on my car, that is an example of trading. With money, this transaction would still be the same, but money would represent the value passed between people. I would give you money for repairing my car and then you would give it back to me when I cleaned your house.
What are the limitations of the barter system?
Limitation of barter system:Barter is a method of exchange by which goods or services are directly exchanged for other goods or services without using a medium of exchange,There have some limitation:1) Desirability2)Transferability3)Divisibility4)Coincidence of demand5)Problem with valuation6)Storage problem7)Carrying problem
Describes the exchange of currencies what best describes the exchange of currencies?
Money from one country is bought using money from another country.
