Malik runs a fun center that offers go-karts, mini-golf, and more. He is low on money and offers his soda supplier free tickets to the fun center in exchange for his monthly order of soda. This is an example of
A) trade credit.
B) barter.
C) peer-to-peer lending.
D) collateral.
E) revolving credit.

Question

Quizplus · Accepted Answer

This is an example of barter, which is a system of exchange where goods or services are directly exchanged for other goods or services without using a medium of exchange, such as money. Malik is exchanging tickets to his fun center for soda, which is a direct trade of goods/services.

Malik Runs a Fun Center That Offers Go-Karts, Mini-Golf, and More