How does money differ from barter?

Question

How does money differ from barter?

Money is mostly important as a way to get goods and services
Money is used to exchange goods and services
Money has value only because people agree that it has value
Money has been used for thousands of years

Answer 1

Barter, on the other hand, involves direct exchange of goods and services without the use of money. In a barter system, goods are exchanged for other goods or services without the need for a common medium of exchange. Barter relies on a system of mutual benefit and negotiation between individuals involved in the exchange. Unlike money, which has a widely agreed upon value, barter exchanges may involve subjective assessments of the value of goods and services being exchanged. While money facilitates more efficient and streamlined transactions, barter can still be a viable method of exchange in certain situations.