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

Question

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The exchange of goods between two parties without the use of any currency as a medium of exchange is called bartering, not factoring. Factoring refers to a financial transaction where a company sells its accounts receivable (invoices) to a third party (a factor) at a discount in exchange for immediate payment.

The Exchange of Goods Between Two Parties Without the Use