McqMate
| Q. |
Barter transactions means - |
| A. | Goods are exchanged with gold. |
| B. | Coins are exchanged for goods. |
| C. | Money acts as a medium of exchange. |
| D. | Goods are exchanged with goods. |
| Answer» D. Goods are exchanged with goods. | |
|
Explanation: Barter is a system of exchange where goods or services are directly exchanged for other goods or services without using a medium of exchange, such as money. Barter, as a replacement for money as the method of exchange, is used in times of monetary crisis, such as when the currency may be either un- stable or simply unavailable for conducting commerce, |
|
View all MCQs in
Economics (GK)No comments yet