Final answer:
In a barter transaction where a party is unwilling to accept goods, a broker is used to facilitate the transaction or find alternatives. The broker helps in overcoming the inefficiencies of barter, which are resolved by money through its function as a medium of exchange.
"The correct option is approximately option 3"
Step-by-step explanation:
When one of the parties to a barter transaction is not willing to accept the goods included in the transaction, that party is likely to utilize the services of a broker.
A broker is a person or a company that arranges transactions between a buyer and a seller for a commission when the deal is executed. A broker who specializes in barter trades can help find a third party interested in the goods being offered, thereby facilitating a more complex barter arrangement or helping to monetize the value of the goods through a sell and buy back agreement.
Bartering can be challenging because it does not easily allow us to enter into future contracts or efficiently handle perishable goods. One of the primary functions of money is to serve as a medium of exchange, which solves the problems created by the inefficiencies of barter.
Money acts as a universally accepted method of payment and allows for smoother transactions in markets for goods, labor, and financial capital.