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18 May, 17:58

Which of the following is an example of the barter system

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  1. 18 May, 20:19
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    Barter system is a system of exchanging goods and services without using monetary currencies.

    For example:

    Farmer 1 has a cow and Farmer 2 has a chicken. Farmer 1 goes to Farmer 2 to barter with him. Farmer 1 offers 1 gallon of milk for one dozen of chicken eggs. Farmer 2 accepts the offer and goods are exchanged. That is a barter.
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