A barter system of exchange
A)requires the use of money.
B)is the most efficient form of exchange.
C)involves the trading of goods directly for other goods
D)does not involve the double coincidence of wants.
E)developed late in history.

Question

Quizplus · Accepted Answer

A barter system of exchange involves the trading of goods directly for other goods, without the use of money. This means that individuals have to find someone who wants what they have and has what they want, which can be difficult if there is not a double coincidence of wants. Barter systems have been used throughout history, including in ancient societies and among modern-day bartering communities. However, barter systems are generally less efficient than using money as a medium of exchange.

A Barter System of Exchange