a) Barter trade
These exchanges could take the form of silent trade or dumb barter. In some areas a form of `silent’ barter trade was practiced between communities who could not communicate in the same language.
​Advantages
It’s suitable where there is no currency, thus eliminating challenges associated with currency such as foreign exchange rates, inflation, demand and supply
​Disadvantages
​b) Currency trade
It’s the use of money to purchase commodities or to pay for services. Currency is a medium of exchange accepted by a community as a measure of value for goods and services, items used as currencies as in pre–colonial Africa were gold dust, cloth, copper rods, iron and cowries shells.
​Important characteristics of currency
​Advantages of currency trade
​Disadvantages
​The value of the currency may fluctuate depending on the strength of a county’s economy.
​International recognized currencies includes
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