alleryEconomic exchanges made without the mediation of money are called:
ABarter
BCredit
CTrade
DDeposit
Answer & Solution
Correct answer: A. Barter
1. Rice swapped directly for cloth is an example.
2. Such exchanges are barter.
3. They need a double coincidence of wants.
_Source: syllabus Introductory Macroeconomics, Chapter 3, Money and Banking._
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