Question

which of the following is omitted in a barter transaction?a) tradeb) medium of exchangec) store of valued) money

Answer 1

Money is omitted in a barter transaction.In a barter transaction, two parties trade one basket of goods and services for another basket containing additional goods and services.

What is barter transaction?

• A barter transaction entails two parties and involves the exchange of one basket of products and services for another basket including other commodities and services. without a related monetary payment.
• In the alternative trading system of barter, products and services are traded directly for one another without the use of money as a middleman. For instance, a farmer may trade a pair of shoes from a shoemaker for a bushel of wheat.
• Several different kinds of barter exchanges are briefly described and explained here.
• Direct bartering is the direct exchange of goods or services between two or more parties.
• retail barter is exchanged between small enterprises through a trade exchange that is locally arranged.

To learn more about barter transaction refer to:

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