For an Exchange to Occur, Four Conditions Must Exist: (1)

Multiple Choice

For an exchange to occur, four conditions must exist: (1) two or more individuals, groups or organisations must participate, and each must possess 'something of value' that the other desires; (2) the exchange must provide a benefit or satisfaction to both parties; (3) each must have confidence in the promise of the 'something of value' held by the other; and (4) :

A) the parties must agree to participate in the trading of 'something of value'.
B) to build trust, parties to the exchange must meet expectations.
C) both parties must participate in the trading of 'something of value'.
D) one party must be willing to compromise.
E) one party must have sufficient bank credit to finance the exchange.