Activity Lesson 1

I recently traded my old dinning room table for a great case of red wine, the table had been well used and had served it’s purpose, having moved into a smaller apartment the need for that specific table disappeared but there was still some value in the table. A friend of mine was also moving into a new apartment albeit a bigger one and he said he would have space for the table I know he is a wine collector and I asked if we could do a barter transaction, I saw some value in a good case of wine and he saw value in my table, it was a seamless and fair transaction we were both happy with the goods that were exchanged, I got rid of something I no longer needed and enjoyed some great wine, he received something he needed at the expense of something he had an abundance of, there was value in the transaction for both of us and I am looking forward to drinking more wine at his place sitting around my old table :slight_smile:

Describe a barter transaction that you’ve been a part either as a child or adult.
List the two items in the barter transaction and, looking back, did you think it was a fair exchange and why?

I used to exchange lemons for lettuce with my neighbour because I have more lemon than I need and the same with her so I think it is a fair transaction.

I Have used the barter system quite a bit even recently. I live in a very rural area, farm country. I have traded labor most frequently, however I did trade a couple of goats for my Boarder Collie.
Looking back I do believe the trade was fair for all parties involved. The goats are fainting goats, the family thoroughly enjoys their company and I have never had a dull moment with my new dog Baily.

Well when i was a kid, we exchanged football stickers. Give me number x und you will get number y. O

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In order to address the stipulations of this discussion board we are describing bartering systems. I remember as a child, bartering with POGs. Which was an acronym for passion, orange, guava fruit juice collectable caps. These collectables were arranged on the ground in alternating stacks, where two or more players would take a heavy smasher pog; often plastic; and when the cardboard pogs flipped over the wagered pogs would be awarded to the winner. The game of POGs was also bartered in a play for exchange trades with other collectors as well. The latter of the examples describes barter exchange.
Best Regards

Describe a barter transaction that you’ve been a part either as a child or adult. List the two items in the barter transaction and, looking back, did you think it was a fair exchange and why?

A barter transaction that I was a part of when I was a child was toys for food with my brother. These were toys such as soldiers or lego which I traded for sweets.
At the time, I thought it was a fair deal as I loved food, and the toys I had, I didn't use very often.
Looking back at it now, the lego may have been worth a bit to those who collect it, but I still think I got a good deal.

  1. One I can think of was an exchange of jackets. They weren’t of equal monetary value, but one preferred the other’s style. This was a fair exchange as they were both similar goods of very similar value.

My Mom traded my cat with eggs when I was a child.The worst trade ever… :disappointed_relieved:

My sisters and I would barter our halloween candy, the candy we liked had different values. I loved Kitkat and my sisters new it so they would ask for 3 Mars Bars for 1 Kitkat, I would take it every time because I hated Mars Bars.

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I can honestly say I’m not sure I have ever barted. As children we were taught to work for fiat. And I’ve been chasing it ever since. Only when things come around full circle can you understand the things you did NOT know.

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Bartered multiple old games for new game at gamestop.

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Barter transaction is a transaction of goods for goods. For instance as a kid I had a Pokémon card that a friend wanted and he had a bag of Chocolate Chip cookies I wanted. So we made barter transaction.
1kg rice for 1kg flour = ok ( equality is ok )
1kg flour for 3l of milk = not quite ok ( equality would be 1 = 1 as 1l is approximately 1kg )
40 eggs for 2 blankets = not ok ( equality is definitely out of proportion )

Bartered a doll for another doll with a girlfriend in childhood - I think at the time I found the transaction as I liked her doll better lol. Sometimes you don’t really think about the value or you prone to disregarding it if the barter is about an object that you really want. Value can be subjective thing.

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Welvin,

Thank you for your contributions to our disscussion board. I apprectiate your comments regarding POGs. I recognized the value in the barter transactions because of the joy and happiness of my fellow peers, whilst trading POGs and slammers.

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  1. Describe a barter transaction that you’ve been a part either as a child or adult.

When I was young, I traded a bunch of Pokémon cards for deimon cards

  1. List the two items in the barter transaction and, looking back, did you think it was a fair exchange and why?

It was not a fair exchange because Pokémon cards that I traded went up in value much more compared to the deigimon cards

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In elementary school we got into a fad game called POGS involving colorfully printed milk top caps and hard plastic slammers. You would stack one POG from each player on top of each other, upside down, and then we’d take turns slamming down our hard plastic slammer to flip the pogs right side up. If you flipped a POG, it was yours. It was a form of competitive gambling the school eventually banned. For barter, we would swap as many POGS needed for slammers or other more valuable POGS. Often the slammers could be worth upwards of 10 dollars if purchased from a store, so there in lied the price discovery. How many unique POGS determined the value of the slammer. Often the emotional value of the slammer would be higher than the price and so it would often cost more POGS. Fairness was always a discussion which often lead to arguments and fighting amongst friends.

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HAH! I just wrote my story and noticed this comment after submitting it. I salute you fellow POGGER! :wink:

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I play hockey and a few years ago I ended up trading my shoulder pads with a teammate of mine for his shoulder pads and a roll of hockey tape. The shoulder pads I traded away were more advanced - lighter weight and more protective compared to his but I did not like to use the shoulder pads as I had to adjust them constantly during games on the bench and on the ice. I think the trade was very fair, as I got rid of shoulder pads I did not want and a roll of tape! A roll of tape in hockey locker rooms are incredibly valuable.

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In high school, I traded a watch I had for another kid’s watch which I though was a fair exchange. A while later, the other kid’s new watch stopped working (not really sure if they broke it or it genuinely stopped working)…but such is life :joy:

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I remember exchanging a whole Toblerone chocolate bar for a Transformers action figure which my younger brother had. He ate the whole chocolate bar in a few minutes and I still have the action figure. LOL

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