The term _______________ refers to a diverse set of activities that can be categorised into five distinct types of trading arrangement: barter, counter purchase, offset, switch trading and compensation or buy-back.
A) tactical trading
B) countertrade
C) trade affiliation
D) economic association

Question

Quizplus · Accepted Answer

Countertrade refers to a variety of trading arrangements that do not rely on standard methods of international trade payment (such as currency exchange). Instead, it encompasses alternative arrangements like barter, counter purchase, offset, switch trading, and compensation or buy-back, allowing countries or companies to trade goods and services directly.

The Term _______________ Refers to a Diverse Set of Activities