A barter transaction involves exchanging
A) one good for another good.
B) money for a service.
C) one good for money.
D) a service for a promise of a future monetary payment.

Question

Quizplus · Accepted Answer

Barter transactions involve the exchange of one good or service for another good or service, without the use of money as a medium of exchange. Therefore, option A is the correct choice as it describes the basic nature of barter transactions. Option B involves money, which is not used in barter, while option C indicates a one-way exchange of goods for money, which is not a barter. Option D involves a promise of future monetary payment, which also does not involve an immediate exchange of goods or services, and hence, is not a barter transaction.

A Barter Transaction Involves Exchanging