Answer: It is a substitute for bartering Banking
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How is using money related to bartering ? It is a substitute for bartering . When might it be important to know a currency's exchange rate? When planning expenses for an overseas trip. To barter means to. Trade. A currency is a system of money created and used by. A nation or region of the world.
Money is an alternate substitute for bartering. We exchange or trade in goods and services for money . A currency system or monetary form of exchange ... See full answer below.
Bartering is the act of trading one good or service for another without using a medium of exchange such as money . A bartering economy differs from a monetary economy in a variety of ways. The primary difference is that the exchange is reciprocal meaning it’s a fair trade
In barter system goods are exchanged against goods so every item does not have individual value and needs double coincidence of wants. A currency system manages an agreed-upon form of paper or coin money as an exchange system rather than immediately trading goods and services through bartering money is related to battering because it’s a ...
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