A Mexican firm has agreed to trade petroleum to an American importer in return for Canadian made computers.This arrangement is an example of:

Question

Quizplus · Accepted Answer

This arrangement is an example of countertrade, which involves the exchange of goods or services instead of money. In this case, the Mexican firm and American importer are exchanging petroleum and Canadian computers, respectively, without the use of cash.

A Mexican Firm Has Agreed to Trade Petroleum to an American