The direct trade of goods and services for other goods and services is called

Question

Quizplus · Accepted Answer

Barter refers to the direct exchange of goods and services without the use of money or a medium of exchange. Financial intermediation involves using a middleman, such as a bank or stockbroker, to facilitate transactions between buyers and sellers. Diversification refers to spreading investments across different assets to reduce risk. Using a medium of exchange refers to the use of currency or other forms of payment to facilitate transactions. The efficient allocation of resources is a broad concept that relates to the optimal use of scarce resources.

The Direct Trade of Goods and Services for Other Goods