For an Exchange to Take Place

question 34

Multiple Choice

For an exchange to take place:

• A) there must be at least two parties involved
• B) money must be used in the transaction
• C) each party must feel obligated to accept the offer
• D) at least one party must have something of value that the other party desires
• E) neither party must communicate with the other

---

Definitions:

Annually

Annually means occurring once every year or pertaining to a period of one year.

Compounded

The process of earning interest on previously earned interest, leading to an increase in the total amount over time.

Monthly

Occurring or produced once a month.

Growth Rate

The rate at which a company's or country's economy grows or the rate at which a given variable, such as population or an investment, increases over a specified period.