Nipennie and Mirasa, two developing countries, bartered cotton for jute rather than for currency. In this scenario, the two countries engaged in _____.
A) foreign franchising
B) fair trade
C) arbitrage
D) countertrade

Question

Quizplus · Accepted Answer

Countertrade is a form of international trade where goods and services are exchanged directly for other goods and services without using currency.

Nipennie and Mirasa, Two Developing Countries, Bartered Cotton for Jute