[[1]] is a system where goods are exchanged without using money.

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Detailed Solution

Barter system is a system where goods are exchanged without using money.
A barter system allows for the trade of things without the need for cash. Barter is a transaction in which two or more people exchange products or services without exchanging cash or other forms of payment like credit cards. In its simplest form, bartering entails the exchange of one party's good or service for another party's good or service. A straightforward idea underlies bartering: Two parties bargain to assess the relative worth of their products and services, then offer them to one another in an equal trade. It predates the creation of actual physical cash and is the world's oldest form of trade.

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