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WAEC Economics 1999 Question 5

Question 5

Money and Inflation

The system whereby goods are exchanged for goods is known as

  1. A.stock exchange
  2. B.barter system
  3. C.banking
  4. D.co-operative system
Show the answer and explanation

Answer: B (barter system)

Explanation

Direct exchange of goods for goods without money is barter.