Copy and pasting between host and VM

Question

I have a host machine running OS X 10.9.3 and VirtualBox 4.3.12 VM running Windows 7. I want to copy and paste between the host machine and the VM. By default copy-pastes don't seem to be transferable between machines. How can I do this?

There were some similar questions but using Linux/VMWare but the solutions have been specific to the VM in use.

Accepted Answer

It's not by default. If you have installed Guest Additions, then you can do this:

Start the VM
Go to Machine > Settings in the file menu.
Go to the General tab, then Advanced.
Set the Shared Clipboard setting to Disabled, Guest to Host, Host to Guest or Bidirectional.