Thus defined, bartering has been around much longer than money as we know it today. Recent estimates indicate that at least 60 percent of companies on the New York Stock Exchange use the principles of bartering as a standard business practice.
Congressmen barter daily to gain support for their pet projects.
U.S. aircraft manufacturers barter with foreign airlines in order to close sales on million dollar contracts. In times of high interest rates, cash in anyone's pocket is indeed a very precious commodity, and bartering is even more popular. Bartering affords booth the individual and the established business a way to hold onto cash while continuing to get needed goods and services. In addition to saving a business borrowing costs, bartering can improve its cash flow and liquidity. For anyone trying To operate a successful business, this is vitally important, and for individual families in these times, it makes possible the saving of cash funds for those purchases where cash is necessary.