The exchange of products between two parties without the use of any currency as a medium of exchange is called factoring.

Question

Quizplus · Accepted Answer

The exchange of products between two parties without the use of any currency as a medium of exchange is called barter, not factoring. Factoring refers to a financial transaction where a company sells its accounts receivables to a third party at a discount in order to receive cash quickly.

The Exchange of Products Between Two Parties Without the Use