A) Goods are exchanged with gold.
B) Coins are exchanged for goods.
C) Money acts as a medium of exchange.
D) Goods are exchanged with goods.
Correct Answer: D
Solution :
Barter is a system of exchange where goods or services are directly exchanged for other goods or services without using a medium of exchange, such as money. Barter, as a replacement for money as the method of exchange, is used in times of monetary crisis, such as when the currency may be either unstable or simply unavailable for con-ducting commerce.
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