In the modern era, the concept of countertrade arose as a way for the _____ to purchase imports.
A) United States
B) European Union
C) ASEAN countries
D) Soviet Union and the Communist states of Eastern Europe

Question

Quizplus · Accepted Answer

In the modern era, countertrade arose in the 1960s as a way for the Soviet Union and the Communist states of Eastern Europe, whose currencies were generally nonconvertible, to purchase imports.

In the Modern Era, the Concept of Countertrade Arose as a Way