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12th Class Economics Money And Banking Question Bank MCQs - Money and Banking

  • question_answer
    A farmer exchanges wheat for cloth. This system of exchange is referred to as ......... .

    A) Barter

    B) Monetary Exchange

    C) Self-consumption

    D) None of these

    Correct Answer: A

    Solution :

    Exchange of Commodity for Commodity is known as Barter System of Exchange which was followed before the evolution of money.


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