Start learning →

A village trades grain directly for cloth with no cash involved. That system is:

ABarter
BBarrel
CBatten
DBantam
Answer & Solution
Correct answer: A. Barter
1. No money changes hands. 2. Goods are swapped for other goods. 3. That system is barter. _Source: OpenStax Principles of Macroeconomics 3e, Chapter 14, Money and Banking._
Practise this question with Quill — CAIIB →

Keep practising Money and Banking

Browse all Money and Banking questions for CAIIB, or explore more Economics topics.

Start a Money and Banking lesson →
Related questions