A form of barter in which the counterparties contract to purchase a certain amount of goods and services from one another is called:

Question

Quizplus · Accepted Answer

A clearing arrangement is a barter system where two parties agree to trade goods and services instead of using money as a medium of exchange. However, instead of trading directly, the counterparties agree to purchase a certain amount of goods and services from one another. This helps to balance out any discrepancies in value and allows for more efficient trade.

A Form of Barter in Which the Counterparties Contract to Purchase