In general, the use of barter is more common in less-developed countries than in industrialized countries.

Question

Quizplus · Accepted Answer

In less-developed countries, the formal banking and financial systems may be underdeveloped or inaccessible to a large portion of the population, making barter a more viable and necessary option for trading goods and services. In contrast, industrialized countries have more developed financial systems and widespread access to banking, reducing the need for barter.

In General, the Use of Barter Is More Common in Less-Developed