In Order for Barter Trades to Occur, There Must Be

question 59

Multiple Choice

In order for barter trades to occur, there must be a

• A) singularity of interests.
• B) bargaining intermediary.
• C) double coincidence of wants.
• D) sufficient supply of cash.

---

Definitions:

Reversing Entries

Journal entries made at the beginning of an accounting period to reverse or cancel out adjusting entries made at the end of the previous accounting period.

Accounting Period

A specific time period for which financial information is reported, typically a year, quarter, or month.

Transracial Adoptions

The adoption of a child that is of a different race or ethnic background from the adoptive parents, highlighting the diversity within families.

Open Adoption

The practice of sharing information and maintaining contact between biological and adoptive parents throughout the child’s life.