Question

exchange of financial benefit (goods,services etc) for cash
A financial cash transaction
B financial credit transaction
C barter transaction
D not a transaction ​

Answer 1

Answer:

C

Explanation:

barter system was the system when people exchange goods for goods.. but it failed at last

Answer 2

Answer:

Correct answer is option C

Explanation:

Barter is the exchange of goods or services between two or more parties without the use of money or a monetary medium such as a credit card. In essence, bartering entails one party providing one good or service in exchange for another party providing another good or service.

A carpenter who builds a fence for a farmer is a simple example of a barter arrangement. Rather than paying the builder $1,000 in cash for labour and materials, the farmer could compensate the carpenter with $1,000 in crops or foodstuffs.

Individuals can use bartering to trade items they own but are not using for items they need, while keeping cash on hand for expenses that cannot be paid through bartering, such as a mortgage, medical bills, and utilities.Bartering can be beneficial psychologically because it fosters a more personal relationship between trading partners than a typical monetized transaction. Bartering can also assist people in developing professional networks and marketing their businesses.

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