Global companies can still do business with countries that have nonconvertible currencies through the use of ________.

Question

Quizplus · Accepted Answer

Countertrade is the practice of exchanging goods or services for other goods or services, without the use of currency. This can be used by global companies to do business with countries that have nonconvertible currencies. For example, a company may exchange its products for raw materials or machinery from a country with a nonconvertible currency, rather than using currency. This allows the company to still do business with the country and acquire the goods it needs.

Global Companies Can Still Do Business with Countries That Have