Some of the earliest examples of economies involved bartering. What is TRUE about a bartering system? OA. It consists of giving items without the immediate need for payback from the other party. O B. It allows people to exchange goods without using money or any other type of financial item. OC. It involves using a type of established and trusted currency to pay for all goods. O D. It is controlled by the government with no interaction between the buyer and consumer.

International Financial Management
14th Edition
ISBN:9780357130698
Author:Madura
Publisher:Madura
Chapter19: Financing International Trade
Section: Chapter Questions
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TFortal
Unit 1 Quiz
4.
Some of the earliest examples of economies involved bartering. What is TRUE about a bartering system?
OA.
It consists of giving items without the immediate need for payback from the other party.
O B.
It allows people to exchange goods without using money or any other type of financial item.
Oc.
It involves using a type of established and trusted currency to pay for all goods.
OD.
It is controlled by the government with no interaction between the buyer and consumer.
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Transcribed Image Text:TFortal Unit 1 Quiz 4. Some of the earliest examples of economies involved bartering. What is TRUE about a bartering system? OA. It consists of giving items without the immediate need for payback from the other party. O B. It allows people to exchange goods without using money or any other type of financial item. Oc. It involves using a type of established and trusted currency to pay for all goods. OD. It is controlled by the government with no interaction between the buyer and consumer. Undo Next
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