What is the transaction called when goods and services are exchanged for money?

The term that refers specifically to the transaction in which goods and services are exchanged for money is "sale." In a sale, the seller provides a product or service in return for a specific amount of money from the buyer, completing the transaction. This concept is foundational in professional selling, establishing the economic basis for business operations and customer interactions.

While "purchase" might seem relevant, it describes the action taken by the buyer rather than the complete transaction itself. "Trade" and "exchange" denote broader forms of transactions that can involve various forms of barter or non-monetary exchanges, which do not specifically highlight the monetary aspect that defines a sale. Therefore, the correct answer reflects the specific nature of the transaction involving a monetary exchange for goods and services.