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Don's Carpet installed carpet at no cost for City Office Supply, in exchange for $1,000 of office supplies. This is an example of ____.
Don's Carpet installed carpet at no cost for City Office Supply, in exchange for $1,000 of office supplies. This is an example of ____.1) Barter
2) Trade
3) Donation
4) Contract
Final answer:The transaction described is an example of barter, a form of trade where goods or services are directly exchanged without the use ofmoney. Bartering is an age-old practice that still occurs today under certain circumstances anddependson mutual agreement on value.Explanation:The scenario described where Don's Carpet installed carpet at no cost for City Office Supply, in exchange for $1,000 of office supplies, is an example ofbarter. Bartering is a process where two parties exchange goods or services without the use of money. In this instance, there is an exchange of equal value where office supplies are traded for carpet installation services, reflecting a mutual benefit for both parties involved.Historically, before the development ofcapitalismand a standardized monetary system, bartering was a common method to acquire goods and services. Today, while less common, bartering still exists, especially in situations where parties can mutually agree on the value of the goods or services they are exchanging. This type of transaction is different from amonetaryexchange, a donation (where one party receives without giving in return), or a contract which typically involves a formal agreement and often includes monetary exchange.Learn more aboutBarterhere:brainly.com/question/14903216#SPJ11...