Two companies or countries engage in what kind of trade when goods are traded or exchanged without the use of hard currency?

Question

Quizplus · Accepted Answer

This type of trade is known as countertrade, where goods are traded or exchanged without the use of hard currency. It includes various forms such as bartering, offset arrangements, buyback agreements, and switch trading. Countertrade is often used by developing countries that have limited access to hard currency, and it can help to facilitate international trade and investment by creating alternative means of exchange.

Two Companies or Countries Engage in What Kind of Trade