Barter Charter | Baamboozle - Baamboozle | The Most Fun Classroom Games!

How do you barter

two parties seeking to exchange, identify the needs, and negotiate the terms of the exchange

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seesaw

Swap points!

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gold

Win 50 points!

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fairy

Take points!

banana

Go to last place!

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What Is Barter?

Barter is the exchange of goods and services WITHOUT the use of money

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Is bartering still a good means of exchange today

Yes, it is. the use of a cashless exchange system is still flourishing today

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seesaw

Swap points!

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fairy

Take points!

rocket

Go to first place!

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baam

Lose 20 points!

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why is money a better system than barter

It enhances the efficiency of trade it also acts as a universally accepted medium of exchange, eliminating the need of double coincidence of wants.

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heart

Other team wins 15 points!

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fairy

Take points!

rocket

Go to first place!

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thief

Give points!

Why was barter created in the first place

It was created in order to get food, weapons and any necessity needed

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Name five limitations of Barter

Double Coincidence of Wants, Lack of Specialisation, Difficulty in making deferred payments, Lack of standard unit of accounts, Difficulty storing value.

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why was limited variety of trades prevalent in those times

In order to trade you must find someone who not only has what you want but also wants what you have to offer. This limits trade opportunites.

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Who created the barter system

The Mesopotamia Tribes

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When was barter first created

6000 BC

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What is one reason barter is useful

1) benefits companies and countries to see mutual benefits, 2) Allows the use of exchange of goods and services in economies or situations where money is scarce

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