business form 4 topics- for form 3 purple/pink
INTRODUCTION Money : Money refers to anything that is generally accepted as a medium of exchange for goods and services. Money is in the form of notes and coins. Banking : Banking refers to all activities carried out by financial institutions involving money. Financial institutions include the central bank, commercial banks and non-banking financial institutions. BARTER TRADE Barter trade is a system of trade where goods and services are exchanged with other goods and services. This is a system of trade that was used in African traditional societies though barter trade is still used in modern societies e.g. where a person works in exchange for food stuffs. Merits of Barter trade · Buyers and sellers are able to get immediately those goods and services they require · Enables a country or person dispose off its surplus · ...