When a Transaction Occurs Between Two or More Organisations or People

question 34

True/False

When a transaction occurs between two or more organisations or people who give and receive something of value, an exchange has taken place.

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Definitions:

President

The head of state and head of government in a republic, particularly referring to the chief executive of the United States.

Declare War

The formal announcement by a governmental authority that a state of war exists between it and another nation.

American History

The record of events, people, and movements that have shaped the United States from its pre-Columbian era to the present day.

Congress

The legislative branch of the United States government, consisting of the House of Representatives and the Senate, responsible for making federal laws.