A System of Exchange in Which Goods and Services Are

question 55

Multiple Choice

A system of exchange in which goods and services are traded directly for other goods and services is called a(n) ____ system.

• A) monetary
• B) barter
• C) exchange
• D) mercantile
• E) trading

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Definitions:

Right Time

The most suitable or appropriate moment to take action or make a decision to ensure the best possible outcome.

Behaviour

The actions, reactions, or conduct of an individual or group in response to external or internal stimuli.

Laws

The system of rules that a particular country or community recognizes as regulating the actions of its members and may enforce by the imposition of penalties.

Top Executives

High-ranking officials in an organization responsible for strategic planning, decision-making, and overseeing operations to ensure company goals are met.