The direct exchange of one good or service for another is called
A) a token exchange.
B) a standard of deferred payment.
C) the exchange of purchasing power.
D) barter.

Question

Quizplus · Accepted Answer

Barter refers to the direct exchange of goods or services without the use of money or other medium of exchange. A token exchange involves the use of tokens or coupons that can be exchanged for goods or services, while a standard of deferred payment is a system where payments are made at a later date. The exchange of purchasing power refers to the ability of money to facilitate the exchange of goods and services.

The Direct Exchange of One Good or Service for Another