The direct exchange of goods and services for other goods and services without the use of money is

Question

Quizplus · Accepted Answer

Barter is the direct exchange of goods and services for other goods and services without the use of money. A is incorrect because standard of deferred payment refers to the ability to use money to make purchases now and pay for them in the future. C is incorrect because a store of value refers to the ability of money to hold its value over time. D is incorrect because financial intermediaries refer to institutions that match savers and borrowers, or provide other financial services, but do not involve direct exchange of goods and services.

The Direct Exchange of Goods and Services for Other Goods