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Question 80

A buyer and seller value goods using an agreed measure even though neither uses coins. Which description best fits this exchange?

  1. A gift with no recognized value or exchange
  2. Barter guided by an agreed unit of valueCorrect answer
  3. A purchase settled through minted banknotes
  4. A market in which prices could not exist

Explanation

People could barter goods while using recognized units to compare value and express prices. The absence of ordinary coin use does not imply that exchange lacked valuation, as a gift with no expected return would.

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Question 80: A buyer and seller value goods using an agreed measure even… · Ancient Egypt · Questena