USA HISTORY

FIRST CONTACTS 28000 BCE 1821 CE

CHRISTOPHER COLUMBUS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
“The king and queen wanted to make money for Spain by trading goods with the Indies.” What does the word trading mean?
A
To give a good or service to someone.
B
An exchange of items, usually without payment of money.
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -barter, the direct exchange of goods or services-without an intervening medium of exchange or money-either according to established rates of exchange or by bargaining. It is considered the oldest form of commerce.

Detailed explanation-2: -The exchange of goods in return for other goods or services is called Barter System.

Detailed explanation-3: -Bartering can also take place as an exchange for services. Services are salable acts, such as performing mechanical work or providing legal representation. If one professional agrees to perform tax accounting for another professional in exchange for cleaning services, this is a barter transaction.

Detailed explanation-4: -bargain. verbnegotiate terms of sale or agreement. agree. arrange. barter.

There is 1 question to complete.