The trade of things of value between the buyer and the seller so that each is better off as a result is known as an exchange.

Name: The trade of things of value between the buyer and the seller so that each is better off as a result is known as an exchange.
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Question

Quizplus · Accepted Answer

This is correct. An exchange involves both the buyer and seller receiving something of value in return, thereby making both parties better off as a result.

The Trade of Things of Value Between the Buyer and the Seller