Which of the following is an example of a barter transaction?
A)An individual pays her electric bill with a check.
B)An individual pays her electric bill with currency.
C)An individual provides three light bulbs to her neighbor in exchange for two gallons of milk.
D)An individual deposits three twenty-dollar bills in her checking account.

Question

Quizplus · Accepted Answer

A barter transaction involves the exchange of goods or services without the use of money. In this example, the individual provides three light bulbs to her neighbor in exchange for two gallons of milk, which is a barter transaction. Choices A, B, and D involve the use of money, so they are not examples of barter transactions.

Which of the Following Is an Example of a Barter