A service exchange or time bank is a network of individual, organizational and business 'members' that provide services, track and bank their hours and then spend those hours to get their own needs met. A service exchange is NOT a barter network, since nothing is 'exchanged'. One 'member' provides a friendly, neighborly favour to another and records the time they spent doing so.
The following video explains Time Banks and Transition (run time: 1h20m):
https://www.youtube.com/watch?v=38Gx8LS-Pwk
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