Countertrade arose in the 1960s as a way to purchase imports for ________, whose currency was nonconvertible.
A) the United States
B) the Soviet Union
C) Germany
D) Japan
E) African countries

Question

Quizplus · Accepted Answer

Countertrade became popular with the Soviet Union because their currency was nonconvertible, making it difficult to engage in international trade using traditional currency exchanges.

Countertrade Arose in the 1960s as a Way to Purchase