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Several years ago, Truese joined a barter exchange called ITEX. He figured he could save money by trading design services for some printing and promotional items his company needed.
An exchange's longevity is a good indicator that it won't suddenly close shop, leaving members with unused credits, said Cheryl Mera, president of the American Barter Exchange.
While a barter economy is considered more primitive than modern economies, barter transactions still regularly transpire in the marketplace. Below are three basic examples of bartering for goods ...
Brian Beers is a digital editor, writer, Emmy-nominated producer, and content expert with 15+ years of experience writing about corporate finance & accounting, fundamental analysis, and investing ...
A barter exchange occurs when parties exchange a good or service without cash or other monetary payment. Businesses must nonetheless record these transactions in their books even without monetary ...
Barter is not suitable as a means to exchange goods and services in an economic system larger than a tribe or family; barter was unsuitable for expanding societies that needed a more efficient method ...
One of the most active barter groups in Bengaluru is called SkillPool. With over 300 members, it operates on one simple rule: ...