barter example | BTCC Knowledge

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The barter system is an ancient form of exchange where goods and services are traded directly without using money as a medium. It's based on the principle of 'I'll give you this if you give me that.' Barter systems were prevalent in prehistoric times and are still used in some parts of the world today. Examples include swapping crops for livestock or services like haircuts for gardening. The term 'barter' comes from the French word 'barater,' meaning to argue or dispute, highlighting the need for negotiation in such exchanges.

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