A system of exchange in which goods and services are traded directly for other goods and services is called a(n)_________ system.

Question

Quizplus · Accepted Answer

A barter system is a system of exchange where goods and services are directly exchanged for other goods and services without the use of money. Monetary system involves the use of currency or money as a medium of exchange. Exchange and mercantile are not specific types of systems of exchange.

A System of Exchange in Which Goods and Services Are