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    Fin 3153 Reflection Paper Lumayno, Angel

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    ANGEL

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    Fin 3153 Reflection Paper Lumayno, Angel

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    ANGEL
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    FIN 3153 REFLECTION PAPER LUMAYNO,ANGEL

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    Fin 3153 Reflection Paper Lumayno, Angel

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    FIN 3153 Financial Markets and Institutions

    First Semester SY 2024 – 2025


    Jenny Fe R. Pio, MBA, MSPPM

    ACTIVITY 4
    Reflection Paper (Barter)

    Name: Angel Wayne A. Lumayno Date: Aug 31,2024


    Course & Section: BSMA 2A Class Time/Day: TTH 3:35-5:15

    Instruction: Based in the Activity 1 and Activity 3 Answer the following questions:

    1. What fundamental principles underlie the concept of barter, and how do these principles relate
    to the modern exchange of goods and services?
    - Barter is all about mutual need where two people exchanging goods or services directly
    because each has something the other wants. It hinges on a double coincidence of wants,
    meaning both parties need to have exactly what the other is looking for. The value is totally
    subjective, so the exchange depends on how much each person values what the other is offering.
    Even though we mostly use money now, the same idea of trading what you have for what you need
    still drives our transactions today. Barter might seem old-fashioned, but the essence of swapping
    goods or services without cash still pops up in modern exchanges.

    2. In what ways does bartering differ from monetary transactions, and what are the advantages
    and disadvantages of each method of trade?
    -Bartering involves directly swapping goods or services without money, which makes it more
    personal but trickier to find a match for what you need. It’s great when money isn’t available but
    can be challenging to get the perfect trade. Monetary transactions are simpler because money is a
    universal exchange medium, though they can feel less personal and more transactional.

    3. How does the absence of currency in barter system affect the negotiation and valuation of
    goods and services between parties?
    - Without currency in a barter system, people have to negotiate directly to agree on what each
    good or service is worth. This makes valuing items trickier since there’s no standard measure, so
    both sides must agree on a fair trade. The process can be more time-consuming because it relies
    heavily on each person’s perception of value.

    4. What role does trust play in successful bartering, and how does it influence the dynamics
    between individuals or communities engaged in such exchanges?
    - Trust is key in bartering because both sides need to believe they’re getting a fair deal. If there’s
    trust, people are more likely to feel comfortable making exchanges, knowing the other person will
    hold up their end of the bargain. In communities, trust strengthens relationships, making future
    trades smoother and more frequent.

    5. How has technology, particularly the internet, influenced the practice of bartering in recent
    times? What new opportunities and challenges does it present?
    - Technology and the internet have made bartering easier by connecting people from all over the
    world, allowing them to find trade partners more easily. New opportunities include online barter
    platforms where people can list items and services for exchange. However, challenges include
    ensuring trust and managing trades across distances, which can be harder to handle than
    in-person exchanges.

    6. As an Ateneo student reflect on your personal experience in bartering. What lessons or


    insights can be drawn from these encounters using the Ateneo core values?
    - As an Ateneo student, my experience with bartering has been smooth because I trade with my
    best friends, who already trust me and understand what I’m offering. This trust makes the process
    easier and reinforces the importance of respect and integrity, core Ateneo values. It highlights how
    building strong, trustworthy relationships can simplify transactions and strengthen connections.
    These experiences remind me of the value of clear communication and mutual respect in any
    exchange, not just in bartering but in broader interactions as well.

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