Which of the following terms is used to refer to the exchange of goods and services for other goods and services instead of money?

Question

Quizplus · Accepted Answer

Barter is the term used to refer to the exchange of goods and services for other goods and services instead of money. The other answer choices are not relevant to this concept. Volunteerism refers to the act of volunteering one's time or resources without compensation, underground transactions refer to illegal or illicit exchanges, and guanxi is a Chinese term that refers to social connections and relationships that can facilitate business transactions.

Which of the Following Terms Is Used to Refer to the Exchange