[amp_mcq option1=”Selling goods in cash” option2=”Selling goods on credit” option3=”Replacement of goods with goods” option4=”Selling the goods in installments” correct=”option3″]<\/p>\n
The correct answer is C. Replacement of goods with goods.<\/p>\n
Barter is a system of exchange where goods or services are directly exchanged for other goods or services without using a medium of exchange, such as money. Barter is often used in small, isolated communities where there is no need for a medium of exchange. It can also be used in times of economic crisis when money is scarce.<\/p>\n
A. Selling goods in cash is not barter, because cash is a medium of exchange.
\nB. Selling goods on credit is not barter, because credit is a form of payment that is deferred until a later date.
\nD. Selling the goods in installments is not barter, because installments are a form of payment that is made over time.<\/p>\n","protected":false},"excerpt":{"rendered":"
[amp_mcq option1=”Selling goods in cash” option2=”Selling goods on credit” option3=”Replacement of goods with goods” option4=”Selling the goods in installments” correct=”option3″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-48925","post","type-post","status-publish","format-standard","hentry","category-economics","no-featured-image-padding"],"yoast_head":"\n