What is the term used when goods and services are exchanged for one another?
A) countertrade
B) barter
C) interchange
D) swapping

Question

Quizplus · Accepted Answer

Barter is the term used when goods and services are exchanged for one another without the use of money. Countertrade refers to a complex type of trade where goods and services are exchanged between countries using a combination of barter, currency, and other methods. Interchange is a term typically used in transportation to refer to the connection point between different modes of transport, and swapping is often used informally to refer to trading items without any formal agreement.

What Is the Term Used When Goods and Services Are