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
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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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