Question

You need to have your gutters cleaned in the spring but have no ladder and are really afraid of heights. Buddy lives down the street and owns a roofing business. You contact Buddy and ask him if he will come clean out your gutters and in exchange you will make him a wreath he can hang on his door at the holidays. He agrees to the exchange of these two assets. What type of system have you used in this transaction?

Answer 1

They type of system used in this transaction is Barter System.

Step-by-step explanation:

Barter sysem is an exchange or a trade of goods or services, in which two persons benefit each one of the transaction. This system was used in past civilizations when money wasn´t yet the current medium of exchange.

In this case Buddy helps cleaning the gutters in exchange of a wreath to hang on his door, and so one thing for another, works as a transaction that does not involve money.

Answer 2

Barter system

Step-by-step explanation:

Hello! The Barter system consists of exchanging one object or service for another without any money in the operation. Buddy offers his ability and changes it for what we offer, in this way both parties are satisfied because the needs of the other side are satisfied with what one offers in return and vice versa.