An economic event that involves transfer of money or money's worth is a/are _______________.

Financial Transactions

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Barter System

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Settlements

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Receipts/Payments

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Solution

The correct option is A Financial Transactions
Any event which involves transfer of money or money's worth is known as financial transaction. It is an agreement, or communication, carried out between a buyer and a seller to exchange an asset for payment. It is still a transaction if the goods are exchanged at one time, and the money at other.

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