Which of the following statements holds true for the barter system?
A)It refers to the exchange of goods and services with payments made in gold.
B)It refers to the direct exchange of goods with countries accorded the most favored nation status.
C)It refers to the direct exchange of goods and services with nations that have been accorded AAA in the credit rating system.
D)It refers to the direct exchange of goods without traders having to pay customs duties.
E)It refers to the direct exchange of one good for another, with no money involved.

Question

Quizplus · Accepted Answer

The barter system is characterized by the direct exchange of goods and services for other goods and services without the use of money.

Which of the Following Statements Holds True for the Barter