Saudi Arabia agreed to purchase 5,000 air conditioning systems from Air-Cool Corp. with payment in the form of crude oil that is discounted 22 percent below posted world oil prices. This transaction is a form of

Question

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This transaction is a form of countertrade, which involves exchanging goods or services instead of using cash or credit. In this case, Saudi Arabia is trading crude oil for air conditioning systems.

Saudi Arabia Agreed to Purchase 5,000 Air Conditioning Systems from Air-Cool