Activity Lesson 1

As a child I will exchange home made lunch with another friend who brings his home made lunch.
As a adult I think I did exchange some gold to fiat currency at equivalent price or say a car etc to fiat money

From childhood through adulthood I’ve engaged in significant amounts of barter transactions, exchanging any number of goods for goods, services for services, and goods for services. Oftentimes these transactions were not fair because one party would have a much greater need or desire for the good or service in question which gave the other party the advantage of being able to offer less and demand more from the needy party.

i swapped pokemon figureins as a kid and they were fake but swapped them for real ones i definatly got a good deal untill people fount out and i got delt to?? :rofl:

I don’t remember ever bartering for anything.
I’ve given things, been given things, but when did I ever do an even exchange?

I swapped books in the past and every now and then still doing it :slight_smile:

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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?

Trading the physical hockey cards back at the time (still own a few nowadays after 20+ years :slight_smile: ). The exchange rate was subjective based on our opinion between me and my friend for example. The exchange rate between me and my friend to exchange one particular card for another doesn’t mean that trading the same card with the other friend will be the same results - he can decline my proposed card or he doesn’t accept my card to exchange what I want to get and propose the other card.

It was a fun.

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I traded Pokémon cards when I was younger, I was set on collecting them all. As far as I can remember the deals were fair. The majority was exchanging between friends so that everyone helped each other out when we got duplicates.

In my childhood, chocolates were a rarity, so when me, my brother and my sister received chocolate gifts for the New Year, I did not eat them, but after a while I exchanged them with my brother for something more valuable :sunglasses:

I was exchanging packed lunches at school most of the time because what my mum was making I had enough already, but my classmates loved it ) I was getting sometimes better deals, lunch + drink ). My mum was constantly pushing Meaty sandwiches without chocolate bars or fizzy drinks, so I exchanged them for Miranda and chocolate bars, sometimes for a few.

Was good times

I remember back in the days when were trading yugioh cards as. I remember trading a higher level card for a lower shiny version monster, I do believe that the shiny card has a higher value now but I lost many of my cards so I can’t really say much probably could’ve been a fake too.

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As far as I can remember. We were living in a rural area and used to grow lots of potatoes. The potatoes were used to exchange with rice that was brought by people from “towns”. Looking back, it was an extremely unfair exchange as we had to give around 4 kg of potatoes in exchange for around 1 kg of rice. Whereas, they (middlemen selling rice) would sell the potatoes for a higher value than rice in the town.

Back when I was in Elementary school I remember trading a lot of valuable Pokemon cards for cheap Bakugan (little balls that turned into a mechanical monster looking thing when it hit magnetic cards) because my mother wouldn´t buy me them, she just bought me Pokemon cards. Thinking back the “friend” i traded with was actually scamming me, because the amount of Pokemon cards i gave him were much more valuable than the 1 Bakugan i got from him…

Same here bro… I made a lot of dumb trades just because the monsters of the friend´s cards looked cooler.

The primary barter that I had as a child was exchanging pictures of football world cup álbum at school.

As a child I used to barter toys with my best friends for other toys or video games all the time and some even traded for food…A recent barter was exchanging a guitar for a playstation 4.

I exchanged a Star Wars collectable card for $5. I think it was a great trade.

As a child, the pokémon trading cards were a big fad in elementary school.
As such exchanging these cards with one another is a perfect example of barter.

They are all pieces of paper, but nobody would trade a Charizard for a Magikarp.
So their value in a barter transaction depended on the perceived utility when playing the game.

In France one of the big crazes as kids was POGS. Cardboard plastic discs with images on them and we would play with them. Stack them up face down, turn them by hitting them with a plastic disc. If you turn them you keep them. Every kid would hoard them. We sometimes would trade them. The value was murky though. If it had shiny parts it was more valuable, if it had the character you liked you would value them more (as in 2 for 1…)… It was just a complete mess if I am honest.

Looking back, besides the fact that I regret asking my mom to buy so many as starter pack( and refill them when I lost everything… let’s be honest…), I can honestly say that I was taken for a ride at every transaction. I should have realized there and then that I needed to work on my negotiation skills…

As an adult and a professional (CPA) I would often give advice to someone buying me lunch LOL

It seemed like a fair exchange as I enjoyed the lunch and the company… but in retrospect the value of the advice was much greater…

Having said that, i would not hesitate to do it again.

I remember trading stickers with friends when I was young. I was pretty good at persuading others to give me the most beautiful ones in exchange for what I found were rather mediocre ones. I even sometimes felt bad for being so persuasive and alway getting what I wanted. Looking back now, it’s hard to say though if the trade was fair since the value of the stickers was actually subjective. Maybe they actually liked the ones that I gave them in exchange :smiley: