Barter system is no longer in use as a result of the invention of money.
Barter system is defined as a cashless economic system of exchange in which the parties involved in the transaction are exchanging goods and services directly with other goods and services that are agreed upon by both parties bilaterally without using money as an intermediary.
The era of barter system comes to an end because of the invention of money, which is a standardized unit of account, making it easier to set the value of any goods and services which can be exchanged for money instead of exchanging them with other form of goods and services, hence making the trade more effective and efficient.
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