1. Barter system a) the exchange of one good or service for another good or service....

1. Barter system

a) the exchange of one good or service for another good or service.

b) coins, paper money and demand deposits in chartered banks.

c) can be converted quickly into case.

d) provides the lifeblood of the circular flow of income and expenditure.

Solutions

Expert Solution

Answer: Option A

A barter framework is an old strategy for trade. This system has been utilized for quite a long time and some time before cash was concocted. Individuals traded administrations and products for different administrations and merchandise consequently. The benefit of bargaining things can be haggled with the other party. Bartering does not include cash which is one of the preferences. You can purchase things by trading a thing you have yet do not need anymore or need. By and large, exchanging this way is done through online sales and swap markets.

On the positive side, there are incredible points of interest to bartering. You did not need to bother with cash to trade. Another bit of leeway is that there is adaptability in dealing. For example, related items can be exchanged, for example, compact tablets trade for PCs. Also, things that are totally unique can be exchanged, for example, garden trimmers for TVs. Homes would now be able to be bartered when individuals are voyaging, which can set aside the two gatherings cash. Another favorable position of bartering is that you don't need to leave behind material things. Rather, you can offer assistance in return for a thing.

Rahul Sunny answered 1 month ago

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