What is a characteristic of countertrade?
A) The governments of developing nations sometimes insist on a certain amount of countertrade.
B) Countertrade is a means of structuring an international sale when conventional means of payment are cost-effective.
C) Nonconvertibility is an advantage for exporters.
D) Nonconvertibility implies that the exporter will be paid only in his or her home currency.
E) Most exporters desire payment in a currency that is not convertible.

Question

Quizplus · Accepted Answer

Countertrade is often used by developing nations that may not have sufficient foreign currency reserves, so they insist on countertrade to facilitate international trade.

What Is a Characteristic of Countertrade