• MONEY
    ECONOMICS

    MONEY

    Money is anything that is generally acceptable as a medium of exchange and in the settlement of debts. Money can also be defined as anything that is generally acceptable as a means of payment.   TRADE BY BARTER Trade by barter may be defined as a form of trading in which goods are exchanged directly for other goods without the use of money as a medium of exchange. For example, if someone has garri and is in need of beans, he must locate somebody who has beans and is in need of garri. Trade by barter has many setbacks.   PROBLEMS OR DISADVANTAGES OF TRADE BY BARTER Problems of double…

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