Page 13 - Countertrade
P. 13
Monetary System
Diagram 1: Source: hab-immer-hun.ga
The Triad of currency blocks facilitate the flow and exchange of goods
and services. Exchange rates are known which allows prices to be
established. It is less expensive to use money for trade. The “calculation
of exchange” is fast and easy because whatever the price is that is the
amount that is paid in the exchange.
The “calculation of exchange” for bartering is much slower than that in a
monetary system.
Money is however, also much easier to tax.
