Countertrade is defined as
A) a short-term movement of funds from one currency to another in the hopes of profiting from shifts in exchange rates.
B) the exchange rate at which a foreign exchange dealer will convert one currency into another that particular day.
C) simultaneous purchase and sale of a given amount of foreign exchange for two different value dates.
D) the purchase of securities in one market for immediate resale in another to profit from a price discrepancy.
E) a range of barter-like agreements by which goods and services can be exchanged for other goods and services.
Correct Answer:
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