What is the act of exchanging goods for money?

• A. Buying
• B. Selling
• C. Paying
• D. Exchanging

Answer: (B)

Selling is the act of offering goods or services in exchange for money. In the scenario described, exchanging goods for money is selling because the item is being provided by the seller in return for payment. The seller gives up the goods and receives money, which defines a sale. Buying would be the buyer obtaining goods by paying, the opposite side of the transaction. Paying is the act of giving money itself, not the transfer of ownership of goods. Exchanging can imply a barter or a broader idea of swapping anything for something else, but when money is involved, the correct term for the act of handing over goods in return for money is selling.