General Motors exchanged automobiles for a trainload of strawberries.Control Data swapped a computer for a package of Polish furniture,Hungarian carpet backing,and Russian greeting cards.These are examples of ________.
A)netting
B)lagging
C)leading
D)cash pooling
E)countertrade

Question

Quizplus · Accepted Answer

These are examples of countertrade, which is a type of international trade where goods and services are exchanged without the use of currency. Instead, the parties involved agree to exchange goods or services of equal value. In these examples, General Motors and Control Data both exchanged their products for other products instead of using cash.

General Motors Exchanged Automobiles for a Trainload of Strawberries