The direct exchange of goods and services for other goods and services is known as

Question

Quizplus · Accepted Answer

Barter is the direct exchange of goods and services without the use of money. It was the earliest form of trade in human history and is still used in some parts of the world today. Examples of barter include trading food for clothing, or services such as haircuts in exchange for car repairs. A is incorrect because "primitive trade" is not a commonly used term, and B and D are incorrect because they do not accurately describe the concept of barter.

The Direct Exchange of Goods and Services for Other Goods