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Which of these is a suitable substitute used for trade barter fiat money coins and paper money?
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∙ 9y ago
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A suitable substitute used for trade is known as?
A suitable substitute for trade is known as fiat money.
Explain two way in which the use of money can overcome the problems associated with barter?
The development of money has solved many problems with barter,because when we talk about money we think about coins and notes which is easier to store and circulate,money is now acting as the medium of exchange.
What involves the direct exchange of goods and services without the use of money as a. Medium of exchange?
Barter system
Does th choctaw people have a money or barter system?
they had a barter system. they didn't have money, just trade goods,
Goods and services are exchanged without the use of money in which system?
Barter
What was the roman form of money?
They had coins, but could also barter.
A suitable substitute used for trade is known as?
A suitable substitute for trade is known as fiat money.
Why did coins develop?
Coins are vastly more convenient as money than, for example, barter goods. Moreover, they can easily be standardized.
Explain two way in which the use of money can overcome the problems associated with barter?
The development of money has solved many problems with barter,because when we talk about money we think about coins and notes which is easier to store and circulate,money is now acting as the medium of exchange.
In medieval time what barter is replaced by coins and money?
Cowrie and cowry shells were replaced by coins and moneys in the medieval time. This happened back in 1000 BC.
What is a popular substitute for bulky coins made of metal?
Paper money.
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.
What is a substitute for bulky coins made of metal?
Paper money.
What kind of money did ancient Japan use?
some copper and I think gold coins were used. Not sure about silver. Mostly in ancient times money was not used. The Barter system was used far more than money.
What involves the direct exchange of goods and services without the use of money as a. Medium of exchange?
Barter system
Does th choctaw people have a money or barter system?
they had a barter system. they didn't have money, just trade goods,
Which form of exchange is used in simple societies and not involve money?
Barter
