Book: All In One - Economics
Chapter: 3. Money and Credit
Subject: Social Science - Class 10th
Q. No. 1 of Check Point 01
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1
Before the advent of money, people used to follow which system of exchange.
Barter system
The barter system was used as a mode of exchange before the advent of money in which a good is transferred for another good. It was done because no goods had the money or monetary value. Therefore, the goods were exchanged with each other.
