Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Money and Banking

Question:

What do we call those economic exchanges which do not involve money in it?

Options:

Fiat exchange

Utility exchange

Barter exchange

Both 2 and 3

Correct Answer:

Barter exchange

Explanation:

Economic exchanges without the involvement of money into it are known as barter exchange. Barter exchange is the direct exchange of goods or services—without an intervening medium of exchange.