Countertrade in an international transaction is:
A) the practice of accepting locally produced merchandise in lieu of money as payment for goods and services.
B) passing the risk associated with changes in exchange rates to another.
C) transferring purchasing power from those who normally deal in one currency to those who generally do business in another.
D) a market in which parties agree to exchange a fixed amount of one currency for a fixed amount of a second currency.
Correct Answer:
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