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Question : Barter transaction means:

Option 1: goods are exchanged for gold

Option 2: coins are exchanged for goods

Option 3: money acts as a medium of exchange

Option 4: goods are exchanged with goods


Team Careers360 7th Jan, 2024
Answer (1)
Team Careers360 23rd Jan, 2024

Correct Answer: goods are exchanged with goods


Solution : The correct answer is goods are exchanged with goods .

A barter transaction is a direct exchange of one commodity or service for another, without the use of money. A barter system involves people or organisations exchanging what they have for what they need.

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