How did exchange take place before money? Class 7
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How did exchange take place before money? Class 7
How did exchange take place before money? Class 7
Answer:
Before money existed, people used a system called barter to exchange goods or services. For example, if someone had grains but needed clothes, they could trade their grains with someone who had clothes. If the cloth person require salt, he could exchange with clothes or grains with salt person as per his requirement. This way, both parties got what they needed without using money.