Question

Today, a regular _____________ is a system where you can exchange goods for other goods. You submit your goods and you receive trade credit that you can use to buy other goods. a. world marketb.barter exchangec. world trade centerd. trading post

Answer 1

Answer:

The correct answer is letter "B": barter exchange.

Explanation:

Bartering refers to the exchange of goods or services between individuals or organizations without the use of a monetary unit. This represents the way of trading before money and the parties involved estimate the value of their goods and services so they can be "equally" exchanged.

Answer 2

A regular barter exchange system simply refers to a system where one can exchange goods for other goods.

Bartering is considered an exchange for goods. It was done in the olden days when there was no money involved.

It should be noted that bartering was introduced by Mesopotamia tribes. It was used to exchange the goods that an individual wants while another good is given in return.

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