The oldest form of exchange-trading of products-is known as
A) credit.
B) buying.
C) purchasing.
D) barter.
E) pricing.

Question

Quizplus · Accepted Answer

Barter is the oldest form of exchange/trading of products where goods and services are exchanged without the use of money. It involves the direct exchange of one good or service for another. Credit, buying, purchasing, and pricing all involve the use of money as a medium of exchange, which is a relatively modern development.

The Oldest Form of Exchange-Trading of Products-Is Known as