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Barter system

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Haylie Corkery

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barter

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Q: What involves the direct exchange of goods and services without the use of money as a. Medium of exchange?
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Related questions

A system involves the direct exchange of goods and services without the use of money as a medium of exchange?

A _barter_ system involves the direct exchange of goods and services without the use of money as a medium of exchange.


What system involves the direct exchange of goods and services without the use of money as a medium of exchange?

Barter system involves the direct exchange of goods and services for the same.


What system involves the direct exchange of goods and services without the use of money as a medium of exchange.?

Barter system involves the direct exchange of goods and services for the same.


What involves the direct exchange of goods and services without the use of money as a medium of exchange?

Barter system


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.


How would you define barter?

Bartering is a medium in which goods or services are directly exchanged for other goods and/or services without a common unit of exchange (without the use of money). (Wikipedia)


Money serves as a medium of exchange by?

Products or services


Why money serves as a medium of exchange?

Money serves as a medium of exchange because it can be used to exchange many different types of goods or services by itself.


What is money called when it is accepted for goods and services?

A medium of exchange


Money can be easily converted into goods or services This is an example of which function of money?

medium of exchange


Which Money can be easily converted into goods or services. This is an example of which function of money?

medium of exchange


Is any medium of exchange that is widely accepted in payment for goods and services and in settlement of debts?

it's money