How is using money related to bartering

2 answers:

7 0

Its related to bartering by giving something to someone that they believe has value for something that you believe has value.

zlopas [31]4 years ago

3 0

Answer: Money is a replacement or substitute for bartering.

Explanation:

Bartering refers to the exchange of goods and services for another goods and services without exchanging money. It is a form of fair trade because individuals get the goods they want in an even amount to what they are offering in exchange.

Money serves as a medium of exchange for goods and services. It is used in facilitating transactions between people. It serves as a store of value because it can be stored and retrieved. It does not depreciate and it a common measure of value of goods and service being exchange. It helps the suppliers and consumers to know the price of a good in terms of money and how much of a good is to be supplied and purchased.

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