(A) ____________'s principle is to trade goods and services when they cannot be traded for money.
A)Letter of credit
B)Draft
C)Bill of exchange
D)Countertrade
E)Switch Trading

Question

Quizplus · Accepted Answer

Countertrade involves the exchange of goods or services instead of currency or money. This method is used when traditional currency transactions are not possible or difficult to carry out. It is a common practice in international trade, particularly between countries where foreign currency is scarce or when there are restrictions on currency exchange. The other options listed in the question are all related to traditional currency transactions and do not involve the exchange of goods or services.

(A) ____________'S Principle Is to Trade Goods and Services When