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Speaking of bartering, that is actually one of the five main variants of counter-trading. The others are switch-trading, Counter-purchase, Buyback, and offset.
Bartering is defined as any type of trade that doesn't use any medium of exchange, in which goods or services are exchanged for other goods and/or services. It can be bilateral or multilateral as trade. (Wikipedia [W], 2007) Bartering is most commonly used in societies where there is no system of money available. It can also be used where financial times are very tough in certain areas there is not a lot of money to go around. In finance, bartering means to trade with each other by using non money or "near-money" financial assets, kind of like U...
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