An economy without monetary exchange is called
A) a primitive economy.
B) a barter economy.
C) a socialist economy.
D) an autarky economy.
E) a perfectly competitive economy.

Question

Quizplus · Accepted Answer

A barter economy is one where goods and services are directly exchanged without using money as a medium of exchange. In a barter economy, people trade goods and services for other goods and services, such as exchanging a sack of grain for a cow.

An Economy Without Monetary Exchange Is Called