× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
8
5
z
4
n
4
t
4
3
k
3
x
3
r
3
m
3
j
3
c
3
New Topic  
goji.go goji.go
wrote...
Posts: 5977
11 years ago
Which transaction best describes bartering?
A) an exchange of goods for currency, in which the price of something is determined by establishing its value against an underlying commodity
B) a transfer of goods without an exchange of currency, in which the price of something is determined by the seller, and the buyer agrees to pay at a later time
C) an exchange of goods without an exchange of currency, in which the price of something is determined by the needs and resources of each person involved in the exchange
D) an exchange of goods for currency, in which the price of something is determined by what buyers are willing to pay
E) an exchange of currency without an exchange of goods, in which the price of something is determined by what sellers demand
Read 4189 times
2 Replies
Diesel

Related Topics

Replies
bbb
wrote...
11 years ago
C) The barter system involved a trading of goods without an exchange of money where the price was determined by the needs and resources of each person taking part in the exchange. Response A) refers to the use of currency in a transaction in which the price of an item depends on its value relative to a consistent standard; Response B) to a transaction involving credit; and Response D) to a transaction in which the price is set by the law of demand.
goji.go Author
wrote...
11 years ago
Thanks Smiling Face with Open Mouth
Diesel
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  349 People Browsing
 104 Signed Up Today
Gallery
  
 761
  
 343
  
 200
Your Opinion
Where do you get your textbooks?
Votes: 447