J.B. Maverick is an active trader, commodity futures broker, and stock market analyst 17+ years of experience, in addition to 10+ years of experience as a finance writer and book editor.
For a barter transaction to take place, two individuals negotiate to determine the relative value of their goods and services and offer them to each other in an even exchange. For example ...
The dollar became 278 rupees 45 paise in the interbank exchange. At the close of business yesterday, the dollar was 278 rupees 42 paise at interbank. Likewise the trading of goods money is also ...