Are there any similarities between a batter economy and a money economy?

Barter trade refers to the trade way that the equivalent export goods and imported goods are combined directly on the basis of a replacement. The traditional barter trade, is generally the buyer and seller in exchange for the equivalent goods, does not involve the payment of money, there is no third party involved, the barter parties signed a contract, including mutual exchange of goods, the relevant matters to be determined. In international trade, the use of more is through the letter of credit in the way of barter.

I. Direct Barter

Direct barter is also known as the general easy goods. From a strict legal point of view, barter means the replacement of goods. This direct barter form often requires both imports and exports to be traded at the same time, and a transaction typically only deals with a contract that includes the delivery of each other's goods by both parties, and does not involve third parties. It is the most common and currently widely used in the form of barter.

II. Comprehensive Barter

Comprehensive barter is used for transactions between the two countries under an accounting or payment (liquidation) agreement. The two governments, in accordance with the signing of the payment agreement, each bank of the two banks to set up an account, by the banks of the two sides to the shipping documents for settlement and in the other country opened in the bank account, and then the bank in accordance with the agreed period of settlement.

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