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WAEC Economics 2005 Question 28

Question 28

Money and Inflation

The direct exchange of one goods for another without the use of money is known as

  1. A.foreign exchange
  2. B.exchange rate
  3. C.expenditure
  4. D.barter.
Show the answer and explanation

Answer: D (barter.)

Explanation

Exchanging goods directly for goods is barter.