Countertrade arrangements between and among sovereign nations are known as:

Question

Quizplus · Accepted Answer

Countertrade arrangements between and among sovereign nations are known as clearing agreements. Clearing agreements are a type of countertrade where goods and services are traded without the use of currency. Instead, transactions are settled through the exchange of goods or services of equal value. This type of arrangement is often used when countries have limited access to foreign currency or when they want to develop trade relationships with each other. Framework agreements, performance agreements, and import entitlement agreements are not specific to countertrade arrangements between sovereign nations, and do not accurately describe the type of arrangement being referred to in the question.

Countertrade Arrangements Between and Among Sovereign Nations Are Known As