New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    What are barter transactions best described

    as?
    A Exchanging goods for gold Correct Answer Incorrect Answer
    B Exchanging coins for goods Correct Answer Incorrect Answer
    C Using goods as a medium of exchange Correct Answer Incorrect Answer
    D Using money as a medium of exchange Correct Answer Incorrect Answer

    Solution

    Barter transactions involve the direct exchange of goods or services without the intermediary use of money. This form of trade has been historically significant and persists in various forms today, particularly in situations where money as a medium of exchange is either unavailable or impractical.

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