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trade

check
credit
currency
exchange vocabulary with
paying for a good for another good
paying for a good with a signed paper, a bank exchanges for money
paying for a good after receiving it; a promise to pay
paying for a good with physical money

1 answer

Here are the vocabulary terms related to trade and payment methods you've described:

  1. Barter: Paying for a good for another good (exchanging one good or service directly for another without using money).

  2. Check: Paying for a good with a signed paper that a bank exchanges for money (a written order directing a bank to pay a specific amount from one account to another).

  3. Credit: Paying for a good after receiving it; a promise to pay (involving borrowing funds from a lender with the agreement to repay it later).

  4. Cash: Paying for a good with physical money (coins and banknotes; tangible currency used for transactions).

  5. Currency Exchange: The process of converting one form of currency into another, often for the purpose of trade or travel.

If you need further clarification or additional terms, feel free to ask!