Arbitration is a process in which two or more parties exchange goods or services and attempt to agree upon the exchange rate for them.

Question

Quizplus · Accepted Answer

Arbitration is a process of resolving disputes between parties without going to court. It involves an impartial third party, known as an arbitrator, who listens to both sides and makes a decision. It is not related to the exchange rate of goods or services.

Arbitration Is a Process in Which Two or More Parties