Idle Time Gaming,Inc.needed silicon wafers that it knew could be massed produced efficiently by Silicon City,Inc. ,a start-up firm in Indi A.The Indian company needed MSG metallurgical grade silicon)in order to make the wafers which it knew it could get from a Chinese firm.The Chinese firm mostly owned by the Chinese government)agreed to supply the silicon to the Indian company if it could get a certain quantity of gaming hardware from Idle Time.This beneficial exchange is described as:

Question

Quizplus · Accepted Answer

This scenario is an example of countertrading, which involves an exchange of goods or services between two parties without the use of currency. In this case, the Chinese firm is supplying silicon to the Indian company in exchange for gaming hardware from Idle Time, instead of exchanging money.