Which of the following is the exchange of goods in the present for payment in future?
Goods
Credit
Services
Savings
Credit is the exchange of goods in the present for payment in future. Thus, credit means trust or faith.
A system in which goods and services are exchanged for other goods and services is called the ___ system.
What do you call an individual or seller who exchanges any type of goods and services for payment?
Money which is bound to be accepted by law in exchange for goods and services and in the discharge of debts is called