Final answer:
In a nonmonetary exchange of equipment, goods are traded in a barter system, where direct exchange occurs without the intermediary of money.
Step-by-step explanation:
In a nonmonetary exchange of equipment, what is exchanged are goods rather than services, money, or information. This type of exchange is known as bartering, a system where individuals or parties trade goods or services directly without the use of money as a medium.
Historically, before the advent of money, people relied on barter systems to obtain necessary goods and services, which required a double coincidence of wants - finding someone who had what you needed and who also wanted what you had to offer. Modern exchanges often use money to facilitate trade and avoid the complexities of barter in a diverse economic environment. Goods could include various physical items such as equipment, property, or other tangible assets.