Which of the following statements is true of a barter system?
A)In a barter system,it is difficult to keep track of the relative values of goods and services.
B)In a barter system,an individual offers money to import goods and services.
C)In a barter system,an individual offers currency notes to get coins.
D)In a barter system,different kinds of money are exchanged for one another.
E)In a barter system,individuals are self-sufficient.

Question

Quizplus · Accepted Answer

In a barter system, there is no standard unit of exchange, making it difficult to determine the relative values of goods and services being traded.

Which of the Following Statements Is True of a Barter