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WAEC Commerce 2010 Question 15

Question 15

Money

The exchange of goods for goods in home trade is known as

  1. A.entrepôt trade.
  2. B.trade by barter
  3. C.commodity trade.
  4. D.distributive trade.
Show the answer and explanation

Answer: B (trade by barter)

Explanation

Exchanging goods directly for goods is barter.