Multiple choice

If M agrees to deliver 500 kg of wheat to N in exchange of 100 mts. of cloth. Then it is

  1. Sale

  2. Agreement to sell

  3. Barter

  4. None of these

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

An exchange of goods for goods without any monetary consideration is known as a barter system or barter agreement. A sale or agreement to sell involves a transfer of goods for a price in money.