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What else can I help you with?
What is exchanged for money in the circular flow?
goods and services
How does money work and how do you get it if don't have a job?
Money can be exchanged for goods or services.
When money is not used and goods and services are exchanged for other goods and services this system is called?
It's called TRADE BY BARTER.
What is a physical object that can be exchanged?
Goods are physical objects that can be exchanged.
Before the development of money as a medium goods and services were exchanged through a system?
BARTER
Before the development of money as a medium goods and services were exchanged through what?
barter yay
Explain how a barter system works?
Goods and services are exchanged without the use of money.
What is the system that had goods and services exchanged before the development of money?
The "Barter" or "Bartering" system.
Does consideration have to be money in a contract?
Consideration in a contract does not have to be money. It can be anything of value exchanged between parties, such as goods, services, or promises.
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)
Which of the following best explains how a barter system works Apex?
Goods and services are exchanged without the use of money
What are the three types of money?
Technically money is defined as a good or service that can be exchanged for other goods and services. Dollar, apple, gold... etc.
