Which term means 'Exchange goods without involving money'.

Study for the Bachelor of Business and Economics (BBE) Entrance test. Focus on Math with flashcards and multiple choice questions, each accompanied by hints and explanations. Prepare effectively for your exam!

Multiple Choice

Which term means 'Exchange goods without involving money'.

Explanation:
Exchanging goods without money is barter. Barter is a direct trade where two parties swap items or services based on agreed value, without using currency. This relies on both sides wanting what the other offers at the same time, a concept often called the double coincidence of wants. In real-world terms, you might swap a bag of grain for a basket of fruit if both parties assess the exchange as fair, without any money changing hands. The other terms don’t describe this idea: procurement is about obtaining goods (usually through purchasing), a levy is a tax or fee, and capacity refers to the ability or maximum output of a system. So barter best fits the description.

Exchanging goods without money is barter. Barter is a direct trade where two parties swap items or services based on agreed value, without using currency. This relies on both sides wanting what the other offers at the same time, a concept often called the double coincidence of wants. In real-world terms, you might swap a bag of grain for a basket of fruit if both parties assess the exchange as fair, without any money changing hands. The other terms don’t describe this idea: procurement is about obtaining goods (usually through purchasing), a levy is a tax or fee, and capacity refers to the ability or maximum output of a system. So barter best fits the description.

Subscribe

Get the latest from Passetra

You can unsubscribe at any time. Read our privacy policy