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7 January, 04:25

When Mrs. Sweet exchanges her famous chocolate chip cookies for the lawn care services of her neighbor, she engages in a barter transaction. a. Trueb. False

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  1. 7 January, 04:34
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    True

    Explanation:

    Barter transaction occurs when two parties agree to exchange good or services for another nature of goods or services for mutual benefits. There is no use of currency either hard or soft in the form of cards etc.

    Mrs. Sweet sells her cookies and instead of obtaining cash from her neighbor agrees to obtain lawn care services from neighbor, which is exactly a barter transaction between two individuals.

    Barter transaction can be between; individuals, businesses and even nations.
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