During the era of barter, money was generally in the form of

ECONOMICS
JAMB 2011

During the era of barter, money was generally in the form of

  • A. notes
  • B. precious metals
  • C. coins
  • D. commodities

Correct Answer: D. commodities

Explanation

Commodity money is a physical good that consumers universally use to trade for other goods.. It was use as money during the barter system. They include commodities such as gold, silver, copper, salt, peppercorns, tea, decorated belts, shells, alcohol etc



Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *
Add Math
Don't want to keep filling in name and email whenever you make a contribution? Register or login to make contributing easier.