A mode of exchange that implies a specific location for the transactions to occur and allows or fosters the negotiation of price-making is known as?

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kyleighkinler1252 kyleighkinler1252

18-08-2022
Business

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A mode of exchange that implies a specific location for the transactions to occur and allows or fosters the negotiation of price-making is known as?

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jayilych4real jayilych4real · Answer 1 · 2022-08-23T23:25:41+02:00

A mode of exchange that implies a specific location for the transactions to occur and allows or fosters the negotiation of price-making is known as a market exchange.

What is a Market?

This refers to the place or location where buying and selling of any commodity take place.

Hence, we can see that based on the fact that a mode of exchange that implies a specific location for the transactions to occur and allows or fosters the negotiation of price-making is known as a market exchange.