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Questions and Answers
What is the primary method of exchange in the original form of trade?
What is the primary method of exchange in the original form of trade?
- Direct exchange of commodities or services (correct)
- Trading with metals
- Using paper money
- Exchanging goods for other goods of similar value
Why did the importance of trade activity increase?
Why did the importance of trade activity increase?
- Due to the invention of paper money
- Owing to the decline of bartering
- As a result of increased consumption and demand (correct)
- Because of the scarcity of metals
What was frequently used in bartering before the invention of paper money?
What was frequently used in bartering before the invention of paper money?
- Paper money
- Commodities
- Metals (correct)
- Services
What is the primary characteristic of bartering?
What is the primary characteristic of bartering?
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What is the result of increased consumption and demand?
What is the result of increased consumption and demand?
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