If a trader wanted to exchange 30 gulps for flops, she would get 600 flops.
Trade, which is typically done in exchange for money, is the transfer of goods and services from one person or institution to another. Economists refer to a network or system that enables trading as a market.
Before the advent of money, trade that involved direct exchanges of goods and services for other goods and services was known as bartering. The majority of commercial agreements nowadays are negotiated utilizing a form of exchange like money. Nowadays, most trade agreements are reached using a medium of exchange, like money. Money's creation facilitated trade and made it easier. Bilateral trade is trade between two traders, whereas multilateral trade is trade involving more than two dealers.
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