Asked by
Emmanuel Ambrosio
on Nov 06, 2024Verified
Ryan traded his tablet PC for a cellphone.Since both were of the same value,there was no exchange of money.Which of the following concepts does this scenario illustrate?
A) Discounting
B) Checking
C) Bartering
D) Accruing
E) Devaluing
Tablet PC
A portable personal computer equipped with a touchscreen as the primary input device, designed for mobile use and small enough to be held in one hand.
Cellphone
A portable device that allows users to make and receive calls, send text messages, and access various multimedia and internet functions.
- Understand bartering as an alternative to the use of money in transactions.
Verified Answer
DK
Learning Objectives
- Understand bartering as an alternative to the use of money in transactions.