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One advantage of using money for trade instead of barter is that?
Wiki User
∙ 14y ago
In barter system we have to give some commodity(product/article) to the party from whom we are getting another commodity. For example rice for wheat or sugarcane for vegetables. so in todays worlds you will not get something which will hold the value of another commodity and its really difficult to assess how much should be traded.
Wiki User
∙ 14y ago
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Which of these is a suitable substitute used for trade barter fiat money coins and paper money?
Fiat money is a suitable substitute used for trade barter.
Does th choctaw people have a money or barter system?
they had a barter system. they didn't have money, just trade goods,
The barter system is a system of trade that operates without?
money
What is the exchange of goods without using money?
This is called the barter system.
What is trade by barter?
Trade by barter is a system of trade whereby commodities are exchanged or traded upon without the use of medium of exchange i.e money. it is cumbersome as it entails double coincidence of wants.
Which of these is a suitable substitute used for trade barter fiat money coins and paper money?
Fiat money is a suitable substitute used for trade barter.
What system of trade did money replace?
Barter
Does th choctaw people have a money or barter system?
they had a barter system. they didn't have money, just trade goods,
A form of trade without using money?
barter
Why can't we trade what we can do or have for other things instead of using money?
Money is much more efficient than the barter system because then items can be exchanged for their exact worth.
What are basic functions of money?
used to barter, trade and collect
The barter system is a system of trade that operates without?
money
What is the exchange of goods without using money?
This is called the barter system.
What barter means?
Barter Means To Trade Something For Something Else. For Instance, If I Traded Brittany My Pencil For Her Marker. That's An Example Of Bartering.To trade services or objects for other serviced or objects, instead of using money. Kind of like saying I'll paint your house in trade for your old car.
What is it when people traded goods?
A trade, an exchange, or barter. An economic system which operates without money is called a barter system.
What is trade by barter?
Trade by barter is a system of trade whereby commodities are exchanged or traded upon without the use of medium of exchange i.e money. it is cumbersome as it entails double coincidence of wants.
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.
