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Because it is a more efficient means of exchange than bartering.
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∙ 9y ago
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What is an economic system in which people exchange goods without using money?
Bartering
What existed before money?
bartering
What is the term for trade that is based on the exchange of goods rather than for money?
This is known as bartering.
Money replaced what system of trade?
Bartering
Why did merchants decide to use money instead of bartering?
Money was easier to carry and handle than goods. Money was accepted anywhere and could be used again. It was difficult to exchange the exact value of goods in barter.
What is the exchange of goods without using money?
This is called the barter system.
Did money originate from bartering?
Money was first introduced in bartering economies as a store of value, but its introduction quickly ended the practice of bartering since the benefit of having a fungible item used as a marker of value became obvious quickly.
Why do people have money?
Because there is such a thing as greed.AnswerMoney is a transferable method of bartering. You could offer a service or an item in return for the same, but money is easier to manage.
How do you use the word bartering in a sentence?
Bartering involves trading goods and services without the use of money. The politician had been bartering favors for information during most of his career.
Which describes the type of exchange that does not use money?
Bartering
What is barter money?
Bartering is the exchange of goods or services for other goods or services, without money. E.g. I will cut your hair if you give me two books. Since bartering is exclusive to the use of money, there is no such thing as "barter money".
Why did they replaced bartering with the use of money?
Money has been in use since ancient China and bartering hasn’t been replaced. People still barter for things and help. Money could be carried around and used anywhere compared to having to make a deal with another person. For thousands of years trade has been going on between nations and people.
